LOS ANGELES -- Los Angeles Dodgers general manager Ned Colletti uttered the phrase the rest of baseball has been waiting all winter to hear.

"We're pretty much where we're going to be budgetarily," Colletti said, "unless something jumps out at us that's too good to say no to."

The Dodgers winter spending spree likely culminated, at least for now, with the signing of pitcher Zack Greinke to a six-year, $147 million contract. The team introduced Greinke at a Tuesday afternoon news conference at Dodger Stadium. Greinke, who can opt out of the deal after three years, is now the highest paid right-handed pitcher in baseball history.

The way things have been trending in free agency, fueled lately by the Dodgers' frantic upgrades, Greinke doesn't expect to hold that distinction long.

"That's how baseball is going. The money's just getting higher and higher," Greinke said. "As soon as a couple other guys sign, I'll be passed."

When the winter began, Greinke viewed the Dodgers and Los Angeles Angels as the co-favorites to land him. By the final days of negotiations, the Angels had dropped out and it was down to the Dodgers and Texas Rangers.

Greinke, the 2009 Cy Young winner, said he compiled a list of 10 criteria for places he wanted to sign and the Dodgers had good marks in nine of them, including offering him the highest salary and playing in a spacious home ballpark. The only item they came up short in was proximity to his Florida home.