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Originally Posted by a700hitter
There is 3 years at $25 million/year on the current contract. That has to stay intact to get the $36 million from Texas. No teamwould come up with more than $25 million/year on the free market, so ARod has a pretty sweet deal through 2010. The Yankees would agree to a new contract extension beginning in 2011 for another 3 or 4 years at $30 million or so per year. The next 3 years would cost the Yankees only $39 million-- a bargain. The yankees would make up for this bargain by paying top dollar on the extended years.
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waived NTC 2/04, allowing trade to NY with 7 years/$183M remaining
Texas agreed to pay remaining $4M in signing bonus & $67M of remaining $179M in salary
New York agreed to pay $112 of the remaining $179M in salary
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Texas is on the hook for about $9.5 million annually.
That would give the Yankees an additional $28.5 they could put toward Rodriguez. I think the Yankees would be paying a little bit more than $39 million, (probably closer to $50) but it's still a huge bargain. (For those three years, at least.)