Last month, we learned the IRS was selling the deferred salary the Mets still owe Darryl Strawberry to cover his unpaid taxes. Roughly $1.28 million in deferred salary -- to be paid out in 223 monthly installments -- was to be auctioned off.Well, the deferred salary has been sold, reports ESPN's Darren Rovell. The winner bidder paid $1.3 million and will be paid $8,891.82 per month by the Mets for the next 18 1/2 years. 
The value of the deferred payments is approximately $2 million, according to Rovell. Here's more:
The value of the deferred payments is approximately $2 million, according to Rovell. Here's more:
Given the present value of the deferred money on the $1.3 million sale price, the rate of return for the winning bidder is about 5 percent. The total value of the contract, which covered his 1985 through 1990 seasons, was $7.1 million, but nearly 40 percent of his $1.8 million team option in 1990 ($700,000) was deferred and put into an annuity with a 5.1 percent interest rate.That sure seems like a good long-term investment to me. The buyer paid $1.3 million now for a total of $2 million or so in 18 1/2 years. I'm certain the buyer put their accountant hard to work to make sure this made sense before pulling the trigger.Court documents show Strawberry failed to pay $542,572 in taxes from 1987-90 plus another $80,000 from 2003-04. That's a total of $622,572 in back taxes. The IRS auctioned off the deferred part of the 1990 option, which grew from $700,000 to $1.28 million.
Mike Axisa/CBS Sports
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