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It depends on the reason why they don't have money. For example, if all they are trying to do is avoid the $246 mil top end penalty for the luxury tax then no that doesn't work because the figure used there is the average annual value of the deal. So for example 10 years $300 mil would cost $30 miml per season toward the luxury tax. On the other hand if it's just literally a case of them not having the money this year then you can do that but more likely what you'd see is the team just deferring money until later. Stanton and Scherzer both have deals like this where they make interest essentially and it bumps their final number up higher than it would other wise normally be but year to year it doesn't change much. The most famous(infamous?) case of this is Bobby Bonilla who the mets are giving $1.2 mil ever july 1 until 2035.
Right on, thanks for the info. I was unaware of how they use aav towards the luxury tax, and not the actual 2019 salary. I knew someone on here would have more insight into that than I have.