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Alex Bregman Deal Includes Deferrals; Present Value Under $175M

Ken Rosenthal reports Bregman’s five-year, $175M agreement includes deferrals, reducing its present-day value below $175M. The structure also limits Chicago’s annual luxury-tax charge to under $35M. While headline figures showed a massive commitment, Rosenthal says the financials are softened by deferred payments, providing the Cubs greater payroll flexibility this offseason.