Sean Manaea's contract with the Mets totals $75MM, structured as equal payments with a significant portion deferred over 10 years, impacting immediate luxury tax calculations.
The deferred payments amount to $23.25MM and are paid out over ten years, meaning while Manaea's total is $75MM, the present value for luxury tax purposes is over $22MM.
Manaea has additional incentives in his contract for All-Star appearances and Cy Young voting, showcasing how performance can enhance players' earnings despite deferred payments.
Interesting to note is that Manaea's deal is $1MM less valuable than Luis Severino’s contract with the A's, which indicates he took a discount to join the Mets.
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