2:33pm: Diaz’s contract with the Dodgers contains $4.5MM in deferred salary annually, reports Sherman. The net-present value, for luxury tax purposes, is roughly $21.1MM.
10:35am: For the second straight offseason, the Dodgers are signing the top relief arm on the market. They’ve reportedly agreed to a three-year, $69MM contract with now-former Mets closer Edwin Diaz. It’s a record-setting annual value for a reliever, breaking the $20.4MM record that Diaz himself already held.
Diaz, a Wasserman client, returned to the open market this winter when he opted out of the final two seasons of the precedent-setting five-year, $102MM contract he signed with the Mets the last time he was a free agent.