News item: Dylan Cease signs with the Blue Jays for a deal that includes deferred money:

The Blue Jays are making a major splash at the top of the rotation. Toronto is in agreement with Dylan Cease on a seven-year contract, pending a physical. It’s reportedly a $210MM guarantee for the Boras Corporation client, though it includes deferred money that’ll drop the average annual value for luxury tax purposes to roughly $26MM. That puts the net present value closer to $182MM.

The Dodgers have made a bit of a parlor game out of signing players to deals similar to this with deferred money, the most famous of which, of course, is the Shohei Ohtani deal that pays him very little while he’s actually playing for the Dodgers, deferring most of the money for many years.

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