Tuesday, October 9, 2007

A-Rod's contract

Everybody seems to acknowledge that if Alex Rodriguez opts out of his current contract to negotiate a new one, he'll make more money. In other words, he is currently underpriced. Every story about his contract also includes the fact that the Rangers are scheduled to pay the Yankees $3M/year of that contract if A-Rod sticks with it. I haven't seen any story draw this conclusion: the Rangers made a trade that has them paying the Yankees to employ baseball's best player at a bargain price.

February 2004 is not that long ago, after all: "Texas will pay $67 million of the $179 million left on Rodriguez's $252 million, 10-year contract, the most cash included in a trade in major league history." Well played, Rangers! No wonder you're so good!