Richard Durrett clears up issue of Young's contract.
by Athos on Jan 12, 2009 8:41 PM CST
Email
PrintIt turns out Young really isn't owed $80 million over the next five years. It's actually $59 million with some of that being deferred.
Link to article. Good stuff and now we can all forget about those pesky reading comprehension and reporter disbelief issues we've had in thread after thread.
It really is ridiculous that I can't just post this link without having to come up with additional filler. I mean, seriously, this is a pretty important topic, given the confusion it has created over the last few days.
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weird
what i wrote in the body didn’t post…
anyways, 5 years 59MM. You pay that deferred money, that’s definitely a tradeable contract IMO, and not ‘one of the worst contracts in baseball’ that so many people have been throwing around…
Stability is key, and JD is a Beast.
Jindal - 2012
Good to know.
I’m still wondering how mcuh of the 21mm is deferred starting in ’16, and how much of it has already been paid out through signing bonuses?
My guess is Cot’s has it right that he’s already been paid about 5mm and is owed about 15mm in deferred payments.
It still sucks we owe “him” that much money, deferred or not.
The 40 Trumps All!!!
"You're gonna regret this the rest of your life. Both seconds of it." -Sylvester Stallone as John Spartan, A.K.A, "The Demolition Man", right before he beats a guy to death with a stick.
What 21 million exactly?
Im a bit confused, the article stats 9.24 million deferred.
the preceding post was a great success.
It's 21 million
Deferred + Signing bonus. Which means even if some other team takes the rest of the contract, we still will pay $21 million for the pleasure of Michael Young not playing a game for us during the years his new extension covers. Brilliant.
by Andy Seiler on Jan 12, 2009 11:32 PM CST up reply actions
So....
Does this mean MY can be traded for more than a scrub?
I propose a 5-year moratorium on trading any young Ranger pitchers who throw over 90 mph.
Doubtful. He's still suck, but paying 12mm for some suck is more desirable than paying 16mm for some suck.
The 40 Trumps All!!!
I don‘t know you who you are. I don‘t know what you want. If you‘re looking for me to be a man and move to third base for the good of the team, I can tell you, I don't have man parts. But what I do have are a very particular set of skills acquired over a very long career of being a horrible piece of shit fucking douche bag, skills that make me a nightmare for people like you. If you trade me now, that will be the end of it. I will not look for you, I will not pursue you. But if you don‘t, I will look for you, I will find you. And I will throw a gigantic hissy fit in the media.
by thedirkatron on Jan 13, 2009 3:46 AM CST up reply actions
Y'know
The snake headed goddess of suck will appear in your nightmares because you use the term on Michael Young. And immense rhino size cockroaches will inhabit your dwelling in the hereafter, too. And little children in shopping malls will turn into raging “Chucky” when you pass. Maybe even your car will behave like a 1957 Plymouth of movie fame and lock you inside for weeks and drive off into the swamps of Black Bayou, Louisiana when you start your next road trip. Tiny scorpions will infest your shoes and your bedding, and crawl into your ears in the wee morning hours. Just a voodoo heads up!
"He uses statistics as a drunken man uses lamp-posts... for support rather than illumination." - Andrew Lang (1844-1912)
by Ed Coffin on Jan 17, 2009 5:16 PM CST up reply actions 1 recs
Still enjoying the holiday herbs, Ed?
Give me Sheets or give me Offseason Blues Part III.
by inactive lsb user on Jan 17, 2009 5:28 PM CST up reply actions
Yeah
My daughter (and two grandsons) got me a shiny bag of Starbucks’ Christmas Blend coffee as a gift. I’ve tried mixing it with Folgers’ and with store brand breakfast blend, and made one pot by itself. Let me confirm that is some nasty, nasty bean brew. I’ve gotten better tasting refreshment from Mexican wannabe local brew, and from a kind of scary home brew at an Arawak fishing village on St. Lucia. This stuff makes the worst truck stop coffee you’ve ever endured taste like ambrosia. Thankfully, it’s about gone (and so is my digestive tract).
That’s as close to boiled weed as I can get, though.
"He uses statistics as a drunken man uses lamp-posts... for support rather than illumination." - Andrew Lang (1844-1912)
by Ed Coffin on Jan 17, 2009 6:09 PM CST up reply actions
He's Russian now?
"My mother always taught me that if the only thing you have to say is,
‘(Expletive) Dave Samson,’ then don’t say anything at all.
So I’m not going to say anything at all.
Is my mother the greatest or what?"
- Mariners GM Bill Bavasi, after signing Ichiro to a $90 million contract
So,
we still owe him 68.24? They assume we are going to eat the 9.24 that is still deferred, and the team that picks him up owes the 59?
Get off my lawn.
or how about
we pay canseco $5000 to plant steroids in mike young’s locker and BAM we void the contract
by Smoakin in the Boys Room on Jan 13, 2009 8:40 AM CST up reply actions
The way I read the article ...
he is owed $59m on the original $80m deal (meaning he has already received $21m). Of the $59m he is owed, just a little over $9m is deferred. So if we trade him and agree to pay the deferred money, whoever picks him up will owe him about $50m over 5 years. Still not a really tradeable contract, but not as bad as we all thought.
by Athos on Jan 13, 2009 9:05 AM CST up reply actions 1 recs
I have trouble
believing that is the way its structured.
So, they paid 21 million up front? That would be a terrible structure from the team’s standpoint. I really have trouble believing that is the structure. It’s easier for me to believe a 12 million up front bonus, 59 million over the life of the contract, and 10 million in back end bonuses.
Durrett may be right, but we weren’t hearing about Michael getting paid in previous years salary rollups.
Get off my lawn.
It could end up being a good move ...
to have paid all of that up-front money. Given how small the payroll has been, paying two big bonuses amounting to $10m haven’t really hurt the team and, at the same time have made a universally denigrated contract into a more tradeable commodity and less of a burden on the payroll in future years when money might be tighter.
I sure hope I’m reading the article correctly.
Good to know the particulars.
It certainly is easier to trade with those terms, but it’s still paying him 80 million, regardless of how we pay it.
And damn. . . 13 million in 2013 is rough. I’ll be surprised if he’s even replacement level at that age.
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