Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Greinke Joins Dodgers to Help Push Payroll to Baseball’s Biggest

Dec. 10 (Bloomberg) -- Former Cy Young Award-winning pitcher Zack Greinke signed with the Los Angeles Dodgers, adding to what might become Major League Baseball’s highest payroll.

Greinke, whose signing was announced on Twitter by Dodgers co-owner Magic Johnson, agreed on a six-year, $147 million contract that would make the team’s 2013 payroll more than $220 million, according to the Los Angeles Times. The highest opening-day payroll was $209.1 million for the New York Yankees in 2008, according to USA Today’s sports salary database.

The contract with Greinke also is the richest for a right-handed pitcher, surpassing the $127.5 million, six-season package for Matt Cain with the San Francisco Giants, according to CBSSports.com.

Having added South Korean left-handed pitcher Ryu Hyun-jin yesterday in a six-year deal worth $36 million, the Dodgers have taken on more than $600 million in salaries since the franchise was purchased by Guggenheim Baseball Management in March, according to the Times.

Greinke, a 29-year-old right-hander, went 15-5 with a 3.48 earned run average for the Los Angeles Angels and Milwaukee Brewers last season.

The 2009 Cy Young Award winner as the best pitcher in the American League with the Kansas City Royals, Greinke was 31-11 over the last two seasons and is 91-78 during his nine-year major-league career, posting a 3.77 ERA.

To contact the reporter on this story: Mason Levinson in New York at mlevinson@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.