Yanks OFers hit by Stanford scandal

Open Thread: Friday Randomness
Damon puts it all in perspective

Earlier this week, the SEC accussed Texas billionaire R. Allen Stanford of fraud. At first blush, it seemed like just another domino in the collapsing U.S. economy. Today, we learn that Xavier Nady‘s and Johnny Damon‘s assets are frozen because of the ongoing investigation. According to Ken Rosenthal, Nady’s and Damon’s millions will probably emerge none the worse for the wear from this ordeal, but the two Yankee outfielders are having a tough time accessing their liquid capital right now.

Open Thread: Friday Randomness
Damon puts it all in perspective
  • http://nyfaninboston.blogspot.com/ Manimal

    Do ball players get payed only during the season or during the offseason as well

    • http://www.riveraveblues.com Mike A.

      Twice a month, during the season only. Except CC, he had it written into his contract that he gets paid all year.

      • http://nyfaninboston.blogspot.com/ Manimal

        Yeah I knew CC had the whole year thing but I wasn’t sure if it was for everyone. Does the preseason count?

        • http://liberalmusings.wordpress.com Pablo Zevallos

          I think it’s just the 162 game season.

        • http://www.riveraveblues.com Mike A.

          Yeah, I think it’s just April through September.

          • http://nyfaninboston.blogspot.com/ Manimal

            Then these guys can’t wait until the season starts. Damon will likely see a pay cut so I think he is in bigger trouble then Nady, who is going to cash in during free agency next year.

            • whozat

              Um…he’s still making 13 mil this year. And, he’s better than Abreu, so he’ll almost certainly make 5 mil next year. I think he’ll be OK.

              • http://nyfaninboston.blogspot.com/ Manimal

                Hes 36, he has Boras as an agent AND there is a struggling economy. Damon might get 7-9 million if hes lucky.

              • Rich

                It’s all relative. Throw me $10 million and I would feel rich, but if you lose $30 or $40 million and someone gives you $10 million, you’d feel a little poor. But yeah, Damon isn’t going to miss any meals or not be able to keep his Ferrari.

  • Rich

    These are strange times.

  • Mike Pop

    X and Damon did steroids once.

  • Tommy S.

    It could be worse, they could have been murdered by AROD.

  • RustyJohn

    If I was making $13 million a year I’d buy a bunch of gold and roll around in it like Scrooge McDuck.

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  • Greg C

    One would think with that kind of money you would at least be liquid enough or have enough access to credit, “blow money” or whatever that you aren’t going to be worried about your mortgage if some of your accounts are temporarily frozen.