Stay-Rod? Alex Rodriguez tells New York Yankees he wants to stay in pinstripes
In a startling turn of events, Alex Rodriguez and his wife met with New York Yankees executives Hal and Hank Steinbrenner on Wednesday in Tampa, Fla., and the star third baseman told the team he wants to stay in pinstripes.
A logical endpoint for a deal could be to take the $72 million the Yankees owed, subtract the $21 million New York lost from Texas, add $10 million in escalators A-Rod would have earned in 2009 and 2010, and then add seven seasons at $30 million annually. That would total $271 million for the next 10 years.
Quite a bit less than a minimum of $350 million his agent was talking about. Still more money per year than all of our lifetime salaries put together, and quite possibly more than all of Major League Baseball in 1976, the year ARod was born. Still, quite a bit less.
My take? He realized that he had priced himself out of the market. Lots of people claim baseball needs a salary cap. What it needs is a few owners with some common sense.