Since Manny Ramirez was suspended earlier this week, there have been reports that the Dodgers stood to save approx. $7.7 million in payroll flexibility this year due to Ramirez being unpaid during his 50 game suspension penalty. But, according to FOX Sportsâ€™ Ken Rosenthal, the total is closer to $6.8 million, and thatâ€™s over several years, not just this season. As reported by Rosenthal:
Ramirez's $25 million salary for 2009 is being paid in four installments â€” $10 million this season, then $5 million without interest in each of the following three years.
He will be docked in each installment. The Dodgers' savings will amount to about $2.73 million this season and about $1.37 million in each of the following three years.
The difference is immense â€” the Dodgers will have about $5 million less available for '09 than initially reported. They likely will spend the extra $2.73 million on pitching, if they spend it at all, sources say. Any hitter the Dodgers might acquire would become superfluous once Ramirez returned in early July.
Rosenthal attributes the adjustment downward from $7.7 million to $6.8 million due to the fact that players are not paid by the total number of games played (162), but rather ML service time which is calculated in days which comes to a total of 183.
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
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