The New York Mets are paying Texas $35.51 million over the next 14 months as part of the Max Scherzer trade, leaving the Rangers in effect responsible for $22.5 million owed to the three-time Cy Young Award winner, according to details of the deal obtained by The Associated Press.
New York, just 50-55 despite a record-high payroll, has cut costs by nearly $26 million in pay and luxury tax this year by getting rid of Scherzer and reliever David Robertson ahead of Tuesday's trade deadline. The Mets have offloaded just over $13.5 million in salary, resulting in an additional tax saving of about $12.15 million.
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Texas acquired Scherzer on Sunday for minor league infielder Luisangel Acuña, a brother of Atlanta All-Star outfielder Ronald Acuña Jr. Scherzer’s cost to the Rangers is $10 million this year and $12.5 million in 2024.
The Rangers assumed responsibility for the 39-year-old right-hander’s salary on Monday, when he was owed $58.01 million for the remainder of a $130 million, three-year contract he agreed to before the 2022 season.
Of the $14.67 million left of Scherzer's $43.33 million salary for this season's final 64 days, the Mets will pay Texas $4.67 million in four installments of $1.16 million on Aug. 15 and 31 and Sept. 15 and 30.
Scherzer gets a $43.33 million salary next season in the final year of the deal. The Mets will pay the Rangers $30.83 million in 12 installments of $2.56 million on the 15th and final day of each month from April 2024 through September 2024.
New York’s payroll rose to a projected $365 million after it acquired reliever Trevor Gott from Seattle on July 3, and the Mets’ luxury tax payroll increased to about $385 million. That was on track for a tax of about $95 million.
When the Mets traded Robertson to Miami last week, the Marlins assumed $3.54 million remaining of Robertson’s $10 million salary.
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AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports