What other owner has the balls to tell Scott Boras that he fucked up?
“Boras did a lot of good things for Alex through the years, and Alex knows that. I mean, obviously, he’s going to look to Scott’s advice on everything,” Steinbrenner said. “That’s not unusual today. It’s not like he’s the only one. And if an agent gets out of line or makes bad decisions, then that’s going to hurt the player. And obviously, that’s one of the things that happened here.”
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The headline says it all. Mark Feinsand adds some details:
According to sources, the All-Star closer is now demanding a fourth year from the Yankees, who have already extended a three-year, $45 million offer to Rivera that would make him by far the highest-paid closer in baseball.
The $45 million offer drew criticism from Major League Baseball executives in charge of monitoring salaries and payrolls, as sources said that Yankee executives Hal Steinbrenner and Randy Levine were admonished during yesterday’s owners’ meetings in Florida for drastically upping the market for relievers. That criticism figures to be further incentive for the Yankees to stand firmly behind the three-year offer, and it could dissuade other teams from topping it – something that was unlikely to take place anyway.
Earlier this evening, my dad and I were discussing the A-Rod contract, and just a short while ago in the comments here, Eli voiced what we had all been thinking: Did the Yankees really get a good deal for A-Rod? Does a 10-year, $275-million contract really represent a bargain?
Here’s Eli’s full question:
How badly did we overpay? What was our pre opt out offer? 5 year extension at $30 less the Texas discount on the remaining 3 for $81? Total $230 over 8, $28.75 per?
Now were paying $275 over 10. $27.5 per. How are we getting a discount?!?! Seems like were rewarding him for this nonsense. Giving him two extra years I doubt he could get anywhere else for what? A 40 + year old DH at $27.5 per??
To answer this question, we’re going to have rely a little bit on conjecture and a little bit on the confusing terms of A-Rod’s old contract. First up, A-Rod’s old contract. According to the indispensable Cot’s Baseball Contracts, A-Rod was due at least $27 million a year over the next three season for a base total of $81 million.
But he could void the deal after 2008 or 2009 if his club didn’t increase his 2009-2010 salary by $5 million a year. He could have made up to $91 million over those three years, and it’s hard to believe he wouldn’t have held the Yankees up for that money had he kept the terms of his old contract. The Rangers were on the hook for $21 million of that total. So that leaves the Yanks’ contribution at a potential $70 million.
Now, the conjecture. When the Yankees threw out an offer to A-Rod and Boras in October, the numbers included five years and $150 million. Remember though that this was simply their initial offer. It’s my belief that the Yanks were willing to go seven and $210 million. At that point, their total contributions would have been at about $280 million over ten years.
So they saved a whopping $5 million.
Considering the stratospheric numbers we’re talking about here, it doesn’t sound like those $5 million will make a huge difference in the grand scheme of the Yankees. But I don’t think that’s the point.
Rather, the Yankees, by maintaining a hard line in the negotiations, proved that, while the Boss’ days may be numbered, Hank and Hal are just as much a force behind this team as George was. They broke the Scott Borus stranglehold over baseball, and welcomed back A-Rod on their terms instead of on his.
After A-Rod opted out, I told my friends that I would still be more surprised if A-Rod weren’t the Opening Day third baseman come 2008 than if he were simply because, when push came to shove, no other team was going to shell out the money the Yanks had available to them for A-Rod. I realized that well before the season ended; it took a colossal mistake on the part of Boras and A-Rod for them to realize it.
In the end, in all honesty, the Yankees aren’t getting a great deal. They’re not overpaying, but they’re not underpaying either. They’re simply paying A-Rod what they would have given him in the first place. But they’re doing it on their terms, and that edge makes all the difference.
Alex Rodriguez and the New York Yankees have agreed to the outline of a $275 million, 10-year contract, a deal that potentially would allow him to earn millions more if he sets the career home run record.
The amount of the guaranteed money was revealed by a person familiar with the negotiations who spoke Thursday on condition of anonymity because the deal hasn’t been finalized. A-Rod met Wednesday in Tampa, Fla., with the Steinbrenner brothers but the parameters of the deal were set in place last weekend.
All that’s left is for the Yanks to draft the agreement, and, yes, Scott Boras will be involved there. I guess I’ll have to move A-Rod back into the “Current Yankees” category.
From the AP:
Barry Bonds was indicted Thursday on perjury and obstruction of justice charges, the culmination of a four-year federal investigation into whether he lied under oath to a grand jury looking into steroid use by elite athletes.
Update: KTVU has more. Bonds is facing a five-count indictment – four counts of perjury and one of obstruction of justice. A free agent right now, Bonds probably won’t see too many offers heading his way this winter. · (9) ·
At a time when Alex Rodriguez is looking to bank some serious dough, Derek Jeter might be out some. The State of New York is seeking back taxes — possibly totaling over a million dollars — from the Yankees captain from the years 2001 through 2003. But it’s not that Jeter outright didn’t pay his taxes. It’s that he paid them to Florida, where he claimed residence, not New York, where he was a prominent figure for at least six and a half months of the year.
Lawyers for Jeter, who has an off-season home in Tampa, Fla., dispute the claims that Jeter “immersed himself in the New York community” and made “numerous statements professing his love for New York” during the disputed period, according to documents published this week on a state Web site monitored by FOXNews.com.
I’m not quite sure how his lawyers are disputing his immersion in the New York community. I’m also not sure how “numerous statements professing his love” for the city would denote his residence in it. He has claimed residence in Florida since 1994, when he spent the majority of his season with the Tampa Yankees.
That the State is seeking taxes from 2001 is significant for two reasons. First is his ten-year, $189 million contract which was signed that winter. Second is his $13 million purchase of an apartment in Trump Towers.
Honestly, I’m not sure how the law works in these instances of dual residency. If anyone can shed some light, please do so in the comments or shoot me an e-mail. All I know is that no one from the Jeter party is commenting on this case. It’s probably for the best, at least from a public relations standpoint.
Just kidding. It’s going to be A-Rod Field.
In all seriousness, the Yanks are prepared to bend some of their internal contract rules for A-Rod. According to Tyler Kepner, the Yanks and A-Rod are working out some incentives that would kick in if and when the slugger passes the all-time home run mark. Kepner reports:
The sides are discussing a marketing plan in which Rodriguez, 32, would benefit financially as he passes hallowed home run benchmarks in the coming seasons. The Yankees typically do not offer bonuses to players who make the All-Star team or win postseason awards. But Rodriguez’s pursuit of the career home run record would bring increased revenue to the Yankees, and the team is willing to share some of it with Rodriguez who has 518 home runs and is already 17th on the career list.
Considering that baseball is very much a business, this is fair practice on behalf of the Yankees and a move of which Scott Boras probably approves.
When all is said and done, if A-Rod actually does return to the Yanks and signs a ten-year deal, they won’t name the new stadium after him. But it will be known, for better or worse, as the House That A-Rod Built.
As A-Rod and the Yanks work toward a seemingly surreal contract, the Yanks have kept busy on a few other contract fronts. Let’s check in.
According to reports out of Boston, the Yanks are one of four teams to offer Mike Lowell a four-year contract somewhere in the $55-60 million range. The Yanks’ offer comes with a caveat: They want Lowell, a career third baseman, to move across the diamond and man first base.
I don’t see this move going any further than it already has. As I noted two weeks ago, Lowell isn’t a great fit for the Yanks, and he doesn’t want to play first. He’ll have to decide if he wants that fourth year badly enough to leave Boston for Anaheim, Atlanta or St. Louis. My money is on Lowell’s returning to the Red Sox, especially with A-Rod seemingly sticking around the Bronx.
As a side note, clearly the Yankees do not envision much for Jason Giambi in 2008. Hideki Matsui is the presumptive DH, and the team is actively looking for a first baseman. While I don’t see the Yanks landing much if they trade Giambi, it wouldn’t surprise me if he’s shipped out for a few fringe prospects just so the Yanks have some roster flexibility.
This is the contract that has much more of an impact on the Yankees. Rivera still hasn’t put pen to the paper on the Yanks’ offer of three years and $45 million. Now, as commenter Bob Sage pointed out, Sweeny Murti was on the FAN this morning claiming Rivera, 38, will sign a three-year, $52-million deal or a four-year, $60-million deal.
Meanwhile, in Los Angeles, Joe Torre said the Dodgers will welcome Rivera. Add on the requisite “if the price is right” clause, and you’ve got yourself a deal. No way, however, will the Dodgers offer Rivera the $15-$17.3 a year Rivera wants, and neither should the Yankees.
I don’t know what’s going to happen or what is happening here. Rivera, for some reason, is playing hard to get despite having what many would consider a deal-sealing argument on the table. For someone supposedly so humble and altruistic, he sure is being a ruthless businessman, and I’m beginning to wonder if he’s too ruthless for his own good.
Mariano Rivera still hasn’t signed his contract. The longer he waits, the less sympathetic I become. Rivera has built up 12 years of good will in New York. Why is he burning it all right now during the twilight of his career? Three years and $45 million is more than he ever should be making and way more than anyone else will offer. Just sign it already. · (10) ·
In non-A-Rod news, the Yankees announced that Hideki Matsui, their Designated Hitter, underwent successful knee surgery and will begin a rehab program on Friday. Matsui, who has a past of knee problems stretching back to his days in Japan, should be back at full strength by the time Spring Training rolls around. Derek Jeter, the other Yankee experiencing knee problems this season, will not need off-season surgery. He plans to rest and build up strength in the knee for next season. We now return to your regularly scheduled Alex Rodriguez show. · (1) ·