Even if part of the salary is deferred, you still have to pay it - so his salary is $7.5M. If you want to mess around with time value of money, then call it $7.4M in current dollars. And a $2M buyout for the following year if he falls apart in 2016. So potentially $9.5M was the cost to keep KRod when someone wanted him now. The problem with this logic is that it can be applied to multiple players on the team. Braun, Lucroy, and Lind all come to mind. I don't think any of us would want to see any of them traded must for the proverbial "bag of balls". I'm not saying I don't want to see them traded...just that I wouldn't give them away just to clear salary. I feel the same way about K-Rod. But to me KRod is much closer to not playing up to his contract as soon as next year. I can see him hitting a cliff at any point in time and having negative value. Hence I would have moved him in July for best deal on table. Or another way to put it, if KRod was a free agent today, would you sign him to a $7.5M contract for next year? I guess I wouldn't, as I am punting next year anyways. The only good thing about having KRod next year is that Jeffress (or whoever ends up closing) will not be accumulating closer stats now and he will be cheaper in the arby years. I have much more confidence that the other three players, Braun, Lucroy, and Lind, barring injury, will play to a minimum to their contract cost next year.