Rusney Castillo joins Red Sox GM Ben Cherington to sign his seven-year, $72.5 million contract. (Roc Nation)

How Rusney Castillo's contract breaks down

August 23, 2014 - 10:11 am

The Red Sox announced the signing of outfielder Rusney Castillo to a seven-year, $72.5 million deal that begins immediately and runs through 2020. Here is the breakdown of the deal: Signing Bonus- $5.4m 2014 Base Salary:    $100k total for the remainder of the year
2015 Base Salary:    $10.5m
2016 Base Salary:    $10.5m
2017 Base Salary:    $10.5m
2018 Base Salary:    $11m
2019 Base Salary:    $11m
2020 Base Salary:    $13.5m Castillo, who is represented by Roc Nation Sports (a joint ventura of CAA Sports and Roc Nation), has the right to opt out of the seventh and final year of his deal (his age 32 season). While the deal is in a different ballpark from the seven-year, $153 million deal that Jacoby Ellsbury landed, Castillo will be paid with a guarantee commensurate with or in excess of other top center fielders who have signed free agent deals in recent years, including: Curtis Granderson (four years, $60 million), Michael Bourn (four years, $48 million), Angel Pagan (four years, $40 million) and Shane Victorino (three years, $39 million). The deal represents a $10.36 million hit for luxury tax purposes in each of the seven years (including 2014), but the Red Sox cleared enough payroll at the trade deadline that signing Castillo will not push them past the $189 million luxury tax threshold for 2014. The deal is the largest guarantee ever for a player signed out of Cuba, surpassing the $68 million that Jose Abreu received from the White Sox last offseason. The deal guarantees that Castillo will be a free agent at the conclusion of its term, regardless of his big league service time. Here is the press release announcing the signing, which also includes the detail that Castillo will report to the Sox' extended spring training/Rookie Level Gulf Coast League facility in Fort Myers: The Boston Red Sox today signed outfielder Rusney (roos-NAY) Castillo to a seven-year major league contract beginning in 2014 and continuing through 2020. 

Executive Vice President/General Manager Ben Cherington made the announcement.

Castillo, 27, hit .319 (403-for-1,265) with 75 doubles, 11 triples, 51 home runs, 99 walks, 256 runs scored, and 76 stolen bases in 360 games over five seasons in Cuba'€™s major league, Serie Nacional. He spent all five campaigns with his hometown team, Ciego de Avila, and posted a career .383 on-base percentage, .516 slugging percentage, and .899 OPS while appearing primarily in center and right field.

The 5-foot-9, 205-pound Castillo last played in Cuba during the 2012-13 season and hit .274 with six doubles, two triples, six homers, and 29 RBI over 68 contests in which he struck out fewer times (29) than he walked (31).

During the 2010-11 season, the right-handed batter set career highs with 22 home runs and 95 RBI. The following season, 2011-12, he hit .342 in 113 games with 60 extra-base hits, including 21 homers, helping Ciego de Avila to the Serie Nacional Championship.

In 2011, Castillo also represented Cuba in the Baseball World Cup and the Pan American Games. He established residency in Haiti before signing with the Red Sox.

In the coming days, he will report to the Red Sox'€™ Fenway South facility in Fort Myers, FL to resume baseball activities.  With the signing, the Red Sox'€™ 40-man roster is now at 39.