[Bob Nightengale] Stephen Strasburg is officially retiring from the Washington #Nats
[Bob Nightengale] Stephen Strasburg is officially retiring from the Washington #Nats
Stephen Strasburg is officially retiring from the Washington #Nats, as @barrysvrluga reports. He is in the 4th year of a seven-year, $245 million contract.
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That is a lot of money to leave on the table - I wonder if he worked something out with the Nats for a buyout. If not, this is great for the future of the Nats. Opens up a significant amount of cash the next few years.
Well so much for that thought: [Bob Nightengale] Stephen Strasburg will continue be paid $35 million annually through 2026 (with about $11.4M deferred each year). He then will receive $26.6M in 2027, 2028 and 2029 in his owed deferred payments. The contract was not insured, leaving the #Nats on the hook for its entirety.