I heard that due to a contractual agreement, the Rangers still pay A-Rod a salary. Is that true? If so, how much and for how much longer?
2007-10-29 04:41:19 · 9 answers · asked by ElGuapo222 3 in Sports ➔ Baseball
Texas was paying the Yankees a subsidy as part of the trade agreement that sent Rodriguez to New York. It wasn't directly going to ARod. By voiding the remainder of his contract, opting out, Texas' obligation to the Yankees is also voided. (Yay!)
Texas does still have financial obligation directly to him, as part of a reworked and deferred (at interest) signing bonus that began with the original contract. Rodriguez' contract was/is very complex, so it is difficult to work out exact dollar figures and dates, but it appears to be about one to two million a year through 2025. However, this does not appear to count as player salary for the purposes of determining payroll and luxury taxes.
ARod is due another $1.5M bonus when he wins his third AL MVP Award next month, and the Yankees will be liable for that (as it recognizes 2007 performance).
2007-10-29 05:05:55 · answer #1 · answered by Chipmaker Authentic 7 · 1⤊ 0⤋
During the time A-Rod was with the Yankees, the Rangers paid a portion of his salary (somewhere around $7M/year). Since he's opted out of the last 3 years of the contract, the Rangers are off the hook for the money they would've had to pay. Texas still does have to pay him some salary that was deferred during his time with them, but that only totals a few million dollars.
2007-10-29 05:44:38 · answer #2 · answered by JerH1 7 · 0⤊ 0⤋
The Rangers have been hamstrung by using the two previous GMs, Doug Melvin and John Hart. Melvin by no ability met a mediocre pitcher he did no longer think of could be super -- and grew to become into incorrect each and every time -- yet could by no ability pay for the astounding-shelf varieties that get a set into the playoffs. Yeah, the group won the AL West thrice below him, yet those have been run-scoring monster communities, and he inherited varied the lineup center; all Melvin did grew to become into fill interior the function gamers around them. Hart merely persevered his trend of habit from Cleveland -- no skills for comparing pitchers in besides, so his (mercifully short) regime did no longer advance something on the mound or interior the bullpen. Daniels, properly, it is nevertheless somewhat early with him. The branch is winnable, yet they want some adult men who can throw (a) strikes and (b) a hundred and eighty innings a season. i'm unconvinced that The Ballpark works against the pitchers because of the fact the traveling communities don't have lots situation. Pitching, pitching, pitching.
2016-11-09 19:55:41 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Yes, that was true, until he opted out last night. Texas was responsible for 21 million dollars of A-Rods contract with the Yankees. Now that he opted out of his contract, I believe Texas is now free and clear of any contractual obligations toward A-Rod
2007-10-29 04:44:20 · answer #4 · answered by Harvick 29 Fan 4 · 2⤊ 1⤋
Not any more, he's opted out of his contract with New York, so Texas is off the hook for the millions they owed him. This will help Texas tremendously by freeing up money to go after free agents. Just hope they don't over pay again.
2007-10-29 04:59:43 · answer #5 · answered by Kelly P 4 · 0⤊ 1⤋
Even after opting out they will still owe him 3 million per year until 2010. Way to go Tom Hicks!!!!
2007-10-29 08:20:21 · answer #6 · answered by Tough Guy 5 · 0⤊ 0⤋
Yes they pay 30 million of his salary to the Yankees.....This last until he gets a new contract
2007-10-29 04:44:17 · answer #7 · answered by Anonymous · 0⤊ 2⤋
They were paying his $25.2M/yr until last night! Bet they're celebrating heavier than the Red Sox. LOL
2007-10-29 07:14:48 · answer #8 · answered by pricehillsaint 5 · 0⤊ 0⤋
No he opted out they don't owe him anymore
2007-10-29 04:45:06 · answer #9 · answered by Kevin 3 · 0⤊ 2⤋