After months of back-and-forth negotiations, a meeting Wednesday between Manny Ramirez, his agents and Dodgers management has culminated in a deal for the slugger.
Ramirez and the Dodgers have agreed in principle on a two-year, $45 million contract, pending a physical.
According to MLB.com, $25 million of the contract is deferred over five years and Ramirez has the right to opt out of the deal after one year. According to The Associated Press, Ramirez has full no-trade protection.
The outfielder, his agents Scott Boras and Mike Fiore, Dodgers manager Joe Torre, and owner Frank McCourt and general manager Ned Colletti met in Los Angeles on Wednesday morning. Torre and Colletti arrived from spring training in Arizona.
The Dodgers announced last week that Ramirez declined its latest offer, a $25 million, one-year contract with a $20 million player option for 2010. That deal would have included deferred payments of $10 million each in 2011 and 2012 and $5 million in 2013.
Boras countered with a proposal that included no deferred money, leaving the sides about $3 million apart in present-day value. At the time, a frustrated McCourt told reporters that any negotiations going forward would “start from scratch.”
Following his trade to Los Angeles at the deadline last July, Ramirez led the Dodgers to the NL West title, hitting .396 with 17 home runs, 53 RBIs, 36 runs scored, 74 hits and 35 walks in 53 regular-season games.
Ramirez was even more potent in the postseason, hitting .520 with four homers, 10 RBIs, nine runs scored and 11 walks in eight playoff games.
The 12-time All-Star has hit 527 career homers, with another 28 in the postseason.
Information from ESPN.com senior writer Jayson Stark and Major League Baseball reporter Jerry Crasnick was used in this report.