LOS ANGELES (AP) — Teoscar Hernández finalized a $23.5 million, one-year contract with the Dodgers on Friday, the latest deal by big-spending Los Angeles that includes deferred money.

The outfielder agreed to defer $8.5 million that will be paid in 10 equal installments each July 1 from 2030-39.

He also has provisions for large bonuses: Hernández would get $3 million if he finishes among the top five in MVP voting, $2 million if he is sixth through 10th and $500,000 if he is 11th through 15th. He would get $1 million for his third Silver Slugger Award.

Los Angeles has been baseball’s top spender this offseason, committing $1,235,687,500 to two-way star Shohei Ohtani, pitchers Yoshinobu Yamamoto and Tyler Glasnow, and Hernández.

Ohtani’s record $700 million, 10-year contract includes $680 million in deferred payments. The Dodgers owe deferred payments to Ohtani, Mookie Betts, Freddie Freeman and Hernández totaling $865.5 million from 2033-44.

An All-Star in 2021, the 31-year-old Hernández hit .258 with 26 homers and 93 RBIs last year in his only season with Seattle, which acquired him from Toronto in a November 2022 trade. He had 12 assists, tied for third in the major leagues among outfielders.