Manny Ramirez and LA Dodgers Finally Agree on Deal

J.C. AyvaziSenior Analyst IMarch 4, 2009

Like the photo above, the Dodgers and Manny Ramirez are rounding third and heading for home in their negotiations on a new deal.

The parties have agreed on the terms of a new contract, pending a physical exam. 

Last night, Dodger G.M Ned Colletti and Manager Joe Torre traveled back to Los Angeles to attend the final negotiations with Owner Frank McCourt as the terms were finalized with Ramirez's agents Scott (Lucifer) Boras and Mike Fiore.

The deal is basicly the one that was rejected last week, two years for a total of $45 million—$25 million in 2009, $20 million in 2010—payment will be deferred over five years without interest. There is an an opt-out clause for Manny after the first season.  

If the deal is fully exercised, Manny will be paid $10 million for each for the first four years and $5 million for the fifth.