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Arroyo's Deferred Money

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We still don't know how much he's getting in 2011, but John Fay reports he'll be paid until 2021, suggesting it could be well under $13M. It also suggests things are more austere than they seem. Jocketty sez: "If he hadn’t [deferred the money], we’d be way, way over budget." I can only guess that Jocketty is factoring in offers to Rhodes and Cairo here. I still see a couple million left over - even in the event of bringing both veterans back, but we won't have a clear picture until the arbitration-eligible guys settle up. Expect the Reds to wait out the market.