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Dodgers To Pay Padres $18M Of $32M Next Year In Kemp Trade

NEW YORK (CBSLA.com/AP) — The Los Angeles Dodgers owe the Padres $18 million next year as part of the $32 million they agreed to pay in last week's trade that sent outfielder Matt Kemp to San Diego.

Los Angeles will give San Diego six $3 million installments in 2015, payable on the first of each month during regular season, according to information obtained by The Associated Press.

The Dodgers owe $3.5 million annually in each of the following four seasons, $600,000 on the first of each month from April through August and $500,000 on Sept. 1.

Kemp is due $107 million in the remaining five seasons of the $160 million, eight-year deal he signed with the Dodgers before the 2012 season: $21 million next year and $21.5 million in each of the final four seasons.

Because of the cash involved, the Padres in effect pay Kemp $75 million: $3 million in 2015 and $18 million in each remaining year.

The Dodgers are on track to exceed the $189 million luxury tax threshold next year and pay at a 40 percent rate for the overage. They would pay at a 50 percent rate if they go over again in 2016.

San Diego also received catcher Tim Federowicz as part of Friday's trade, while the Dodgers obtained catcher Yasmani Grandal and right-handers Joe Wieland and Zach Eflin.

Kemp had recently been nominated as a Comeback Player of the Year, after bouncing back from uninspiring 2012 and 2013 seasons, at the time of the trade.

(TM and © Copyright 2014 CBS Local Media, a division of CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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