Correct, although I think any deal will contain deferred money. It's like TT said at GRB, they are in a lose-lose regardless. Lose him next year and they win 80 games. Sign him and they're in a budget crunch. How do they defer money though? I mean, if they sign a 10yr $300 million deal, then deferred money means they're either paying huge sums of money in the final years (and likely worst, performance wise) of the contract. If they defer the money till after the contract is complete, well do you want to be paying for Pujols 11, 12, or 13 years from now?