Ken Davidoff of the New York Post reports that the Mets and David Wright agreed to a restructuring of his contract as part of his transition to special advisor on Monday.
Wright, 35, will be paid only $9 million this season instead of the $15 million he was originally set to make. However, $4 million of that will come all at once tomorrow while the remainder will be paid to him throughout the season gradually.
Meanwhile, the $6 million separating the first two numbers will be deferred and paid on July 1 (a.k.a. Bobby Bonilla Day) of the 2021-2023 seasons with 2.5% interest paid on December 31, 2023.
That has implications on this year’s roster as the team now has $6 million worth of wiggle room in their budget for the 2019 season if the Wilpons were to reinvest it into the club, which it remains to be seen if they will.
Davidoff continues to discuss the implications of that in the article and proposed that the team might be able to save as much as $21 million between Wright and Yoenis Cespedes, who will begin the 2019 season on the disabled list after undergoing double-heel surgery.
MMO’s own Christopher Soto also has a Twitter thread analyzing the payroll situation.
