11/03/2007

That is an expensive floor

A headline at the Seattle Times caught my eye when I was looking at the headline in the post below. And it wasn't just because it concerned a former Appleton Fox.

Report: Boras told Yankees A-Rod's "floor" is $350 million
NEW YORK — The New York Yankees were told by agent Scott Boras they could not meet with Alex Rodriguez unless they presented an extension offer that guaranteed the third baseman $350 million "as a floor."

Boras' remarks, first reported Friday by ESPN.com, were made Oct. 25 during a conversation between the agent and general manager Brian Cashman, a baseball official said Friday, speaking on condition of anonymity because those details were not made public.

By following that ESPN.com link you get to the main page. Follow this link to get to the Buster Olney report.

The Yankees had hoped to meet with Rodriguez this week, and would have presented him with an extension offer close to five years and $150 million, to begin at the conclusion of his 2008-2010 contract, through which he would have earned $81 million. Through the Yankees' proposal, then, Rodriguez would have made about $230 million over eight years, and during the last five years of the contract, sources say, he would have earned the highest annual salary in Major League Baseball history.

But team executives were told, sources say, that in order to arrange a meeting with Rodriguez, they would have to be prepared to make an extension offer that would take the third baseman's deal up to a total value of $350 million. That means that the offer the Yankees intended to propose would have been more than $100 million short.
Why am I picturing Dr. Evil?


I want 350 MILLION DOLLARS, Mr. Powers....over eight years with additional incentives for All-Star appearances, MVP awards, World Series Championships, the home run record, and sundry other statistics of which the details are inconsequential. Now, while you are thinking over my eeeevilll plan, may I offer you a Hot Pocket? They are quite delicious today.

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