One more thing which everyone should understand – deferred money is still paid. There seems to be a tendency in the press to underplay this – most articles make it seem like deferred money doesn’t “count” towards the teams finances – in other words, when A-Rod’s annualized salary is reported, the number is smaller because of deferrals, but the team does still owe it, and has to account for it in their planning. So, when a report comes out that the Yankees are “only” paying A-Rod X dollars a year, that’s not the whole story. Fans (and the press) may only look at the per-year number when they scream “how could the Sox not do the deal, it was only 2M a year?!?!?”, but that’s not really an accurate vision of reality.