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Ted Lilly's Contract Is Worth $33 Million Over Three Years

The three-year contract that Ted Lilly signed with the Dodgers, which became official today, is worth $33 million over three years, as confirmed by both Ken Gurnick of and Jon Heyman of Sports Illustrated.

There is no word yet on how the money is distributed, but before this deal the Dodgers' payroll, with some assumptions, was estimated to be roughly $87 million in 2011.

Lilly made $12 million in each of the last two seasons as part of a four-year, $40 million contract he signed with the Chicago Cubs prior to the 2007 season.

For more information on the Ted Lilly deal, be sure to read the SB Nation blog True Blue LA.