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Yankees Will Let A-Rod Walk if He Opts Out of Contract PDF Print E-mail
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Written by Maury Brown   
Friday, 17 August 2007 19:35

Alex RodriguezDon’t look for the Yankees to try and bid for Alex Rodriguez if he opts out of his current contract with the Bronx Bombers at the end of the season. That’s the word from Yankees GM Brian Cashman.

With the Texas Rangers still responsible for a portion of A-Rod’s contract, his opting out of the contract would remove that aspect from play. The Rangers owe $31 million through 2010, with $9 million of that deferred. That leaves $50 million over three years for Rodriguez – an amazing deal in the current inflated market. As reported by Ken Davidoff of Newsday:

"It shouldn't be a surprise that if he opts out, if we lose all of that money that we have currently offsetting, why would we stay in?" Cashman said before the Tigers-Yankees game at Yankee Stadium. "Financially, it doesn't make any sense."

Who will be the likely suitors if A-Rod does opt-out? Not surprisingly, the Red Sox, with the Angels, Dodgers, Cubs, White Sox, and Giants being possibilities mentioned by Davidoff 

Breakdown of the Yankees contract with Rodriguez

Remaining payments owed Alex Rodriguez under the 10-year, $252-million contract he signed with the Rangers before the 2001 season. In addition, Rodriguez is guaranteed $3 million annually from the original deferred money in his contract with Texas, money that was converted to an assignment bonus when he was traded to the Yankees:

 Year  Total Owed A-Rod
 Rangers Share
 Yankees Share
 2008
 $24,000,000  $8,116,000  $15,884,000
 2009 $24,000,000 $7,101,500 $16,898,500
 2010 $24,000,000 $6,087,000 $17,913,000
 TOTAL
 $72,000,000 $21,304,500 $50,695,500

Source: Newsday


Maury Brown

Maury Brown is the founder and president of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football and The Biz of Basketball (The Biz of Hockey will be launching shortly). He is also a contributor to Baseball Prospectus.

He looks forward to your comments via email and can be contacted here.

 
 
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