Last year, Hudson signed for $3.38m with $4.62m in incentives based on plate appearances, and he made just about all of his incentive. About $500k was deferred, if I figured it out right. To sign for $3m with incentives that only take it up to $4m is a big step down for a guy who played well (but was beat out by Belli). Frankly, this is a lot lower than most of us speculated. Good thing none of us are GMs.