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By Bjoern Hartig
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Wednesday, 28 November 2007 |
Alex Rodriguez has received some praise for approaching the Yankees himself and resigning with New York, but from a financial standpoint, by opting out of his contract and then returning to the Yankees without talking to any other club, A-Rod left at least 15 million dollars on the table.
As it stands now, he will get $275 millions over ten years and possibly a $30 million bonus if he breaks the all-time home run record until 2017. Could he have gotten more if he had talked with other teams like the Mets, Dodgers or Angels? Maybe, but it’s not too likely. (Effectively) $30.5 million a year seems to be the upper limit even for A-Rod. Still, if the Yankees were willing to pay their third baseman 305 million to play for them until 2017 and Rodriguez was willing to play in New York until 2017 for 305 millions, why did they not come to this conclusion during the season? This way, both could have been better of by 15 millions.
Had the Yankees offered A-Rod a seven year extension worth approx. $34.14 million a year, the MVP would have gotten $239 million dollars from 2011 to 2017 plus the $81 million dollars left from his current contract for a total of $320 million dollar. Still, the Yankees would have saved $15 million dollars because the Texas Rangers would have had to pay $30 of their former player’s current contract. In the end, all Alex did by opting out was to save Rangers GM Jon Daniels $10 millions for the next three years at the expense of his own paycheck and Brian Cashman’s budget. That might be the best thing A-Rod ever did for the Rangers.
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