PHOENIX, AZ - MARCH 10: Ryan Braun #8 of the Milwaukee Brewers runs the bases after hitting a three-run home run against the Colorado Rockies in the third inning of the spring training baseball game at Maryvale Baseball Park on March 10, 2011 in Phoenix, Arizona. (Photo by Kevork Djansezian/Getty Images)

Ryan Braun, Brewers Agree On $105 Million Contract Extension Through 2020

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Ryan Braun Contract Details Made Public

It was just announced on Thursday that Ryan Braun signed a five-year contract extension with the Milwaukee Brewers worth $105 million. Now, courtesy of Ken Rosenthal, we know how that contract breaks down.

First of all, Braun will receive a $10 million signing bonus. After that, he'll earn the following annual salaries:

2016: $19 million
2017: $19 million
2018: $19 million
2019: $18 million
2020: $16 million

As for 2021, there is a mutual option worth $20 million, with a $4 million buyout. So this contract carries a minimum value of $105 million over five years, and a maximum value of $121 million over six.

The contract includes the no-trade language and deferrals we're getting so accustomed to seeing with contracts like this. Overall, the $21 million average annual salary is the second-highest ever for an outfielder, behind only Manny Ramirez. Of course, that's rendered less meaningful by the fact that Braun's contract won't begin for another five years, by which point $21 million won't be what it is now, but there you go.

Taking into consideration this contract, and the contract already in place, Braun is now guaranteed nearly $150 million through 2020.

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Ryan Braun, Brewers Agree On $105 Million Contract Extension Through 2020

Ryan Braun was already under contract with the Milwaukee Brewers through 2015. So what's five more years between friends? According to a report on Thursday, Braun and the Brewers have agreed on a contract extension through 2020 that includes a 2021 mutual option.

Ken Rosenthal puts the contract's value at $105 million over those five years, or $21 million each. An average annual salary of $21 million will mean less in 2016 and 2020 than it does now, but this is nevertheless an enormous investment and commitment, and reminiscent of the contract the Colorado Rockies gave to Troy Tulowitzki last November. Tulowitzki and Braun are now the only two players in baseball under contract through the end of the decade.

It would seem that the Braun contract is an indication that free-agent-to-be Prince Fielder is likely to walk, but if you have to pick a face of the franchise, there are worse options than Braun, who owns a career .924 OPS and is still only 27 years old. He's gotten off to a blazing start in 2011, slugging .641 with more walks than strikeouts, and seems destined to end up with a collection of shiny hardware.

Of course, one has to question the wisdom of guaranteeing a player like Braun $105 million over a five-year period, the beginning of which is still five years away. There's absolutely no way that the Brewers can have any idea what Braun is going to look like as a player that far down the road. But there's no questioning the guy can hit the crap out of the ball now, and that's apparently enough for the Brewers.

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