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 NEW YORK (AP) - The Seattle Mariners will be paying Ichiro Suzuki for at least a quarter century. The All-Star outfielder's new contract extension calls for the team to defer $25 million of the $90 million he is owed, money that the team will not have to fully pay until at least 2032.
Suzuki, MVP of last week's All-Star game, gets a $5 million signing bonus and annual salaries of $17 million from 2008-12 under the terms of last Friday's deal.
Seattle will pay $12 million in salary each year and defer $5 million per season at 5.5 percent interest. Suzuki, who turns 33 in October, will receive the money in annual installments each Jan. 30 starting with the year after his retirement from the major leagues.
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