Major League Baseball

$210 million just isn't what it used to be...

Updated Aug. 1, 2022 4:06 p.m. ET

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Yes, it’s the $210 million that everyone’s going to remember. No, it’s not a particularly meaningful number, unless you’re Max Scherzer’s ego, or his agent. Because it turns out that $210 million paid out over 14 years isn’t anything like $210 paid today, or even over seven years. An illustrative passage from Dave Cameron’s excellent explication:

Right, especially considering that Scherzer’s slightly younger and slightly better – based on past results, anyway – than Lester. Based on the market, it seems that Scherzer got exactly what he deserved … oh, and based on performance, too. Jeff Sullivan computes Scherzer’s value over the next seven seasons as $170 million, which is almost exactly what his money would look like, if disbursed in equal payments over seven seasons.

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