Matt Kemp's new Dodgers contract starts smaller, then gets bigger
The Dodgers are announcing Friday that Matt Kemp's eight-year, $160-million contract extension is official, and the way the deal is structured appears to make it a great deal for current ownership.
Kemp's contract averages $20 million per season, but the Dodgers will pay him only half of that this season -- $10 million, of which $2 million is deferred.
The Silver Slugger Award-winning centerfielder, a top contender for the National League Most Valuable Player Award, is scheduled to appear today at a news conference at Dodger Stadium.
Here's the payment schedule:
2012, $10 million, of which $2 million is deferred without interest; 2013, $20 million; 2014-15, $21 million per season; 2016-19, $21.5 million per season.
Kemp also received a $2-million signing bonus and agreed to donate $250,000 annually to the Dodgers Dream Foundation.
There does not appear to be a no-trade clause in the deal.
-- Dylan Hernandez and Mike Hiserman
Photo: Matt Kemp. Credit: Mark Boster / Los Angeles Times.