The deal for the major league ERA leader, which was finalized Tuesday, has a present-day value of $193,849,298, according to calculations by Major League Baseball.
Greinke's signing bonus is payable in $3 million installments on May 31 in each year of the contract, and the deal includes salaries of $31 million in each of the first three seasons, $31.5 million in 2019 and $32 million in each of the final two years. But he will receive $21 million of the money during each season, with the remainder deferred.
The deferred money is payable in $12.5 million installments on each Nov. 1 from 2022-26.
Greinke cannot be traded to 15 teams without his consent, and he would receive a one-time assignment bonus of $2 million if he is traded. He also gets four premium season tickets, including two that he pays for. He gets a suite on road trips.