Al Hrabosky, the "Mad Hungarian" who became a free agent after pitching for the Kansas City Royals two seasons, yesterday signed a five-year pact with the Atlanta Braves that will provide money long after the 30-year-old reliever steps permanently from the mound.

Terms were not disclosed but Hrabosky said the agreement includes deferred payments. It has been estimated those payments will total $5.9 million over 35 years.

Hrabosky indicated a verbal agreement with Braves owned Ted Turner allows for the colorful left-hander to work for Turner's WTBS cable television station as a sportscaster when his playing days are over.

After recording 20 saves for Kansas City in 1978, Hrabosky had a less-than-stellar season this year, posting a 3.74 earned run average. In 1975 he was named National League Fireman of the Year with a 13-5 record for the St. Louis Cardinals.

Meanwhile, the San Diego Padres finally landed a pitching prize when they signed veteran Rick Wise, a free agent who was 15-10 with Cleveland last season. The five-year contract was reportedly worth between $1.7 million and $2.1 million.

San Diego had tried unsuccessfully to sign pitchers Don Stanhouse and Dave Goltz.

In Boston, Tony Perez officially became a member of the Red Sox, signing a three-year pact at a reported $1.1 million. Perez, 37, is a 16-year veteran the Red Sox hope will replace the departed Bob Watson.