
Rodriguez signed his $252 million, 10-year contract with Texas before the 2001 season, then was traded to the Yankees in 2004. As part of the trade, the Rangers owe the Yankees $8,116,000 next year, $7,101,500 in 2009 and $6,087,000 in 2010 -- a total of $21,304,500.
Of the $27 million A-Rod is owed each year, $3 million is deferred annually at 2 percent interest and paid from 2016-25. At the time of the trade, the Rangers agreed to be responsible for those payments.
http://sportsillustrated.cnn.com/2007/baseball/mlb/09/23/bc.bbo.a.rod.cubs.ap/index.html