Monday, October 29, 2007

$72 million is not enough

Wow.


Alex Rodriguez could have played out the remaining three years of his contract with the Yankees and, by doing so, he would have been guaranteed $72 million. But his contract gives him the right to "opt out" and become a free agent in order to go to the highest bidder.

The man did it yesterday. Amazing.

But the champagne bottles you hear popping are from the home of Texas Rangers owner Tom Hicks who will no longer be responsible for $21 million that he would have had to pay to the Yankees if he had stayed. When the Rangers traded Rodriguez to the Yankees, they agreed to pay part of the contract in order to unload it.

Interesting to see who the highest bidder will be. Remember the Red Sox lost out on the bidding for A-Rod when he was last on the market.