What will we turn that money into? Could get a decent pitcher for that, although the market is thin. What do we spend that on? Hopefully it’s converted into the roster, and not to Hicks’ pocket.
We’re still on the hook I would imagine for the deferred money from 2001-2007, which according to my Arod Roster page, is this:
2016: $5 million at 1.75% interest (2001)
2017: $4 million at 1.75% interest (2002)
2018: $3 million at 1.75% interest (2003)
2019: $3 million at 1.75% interest (2004)
2020: $4 million at 1.75% interest (2005)
2021: $4 million at 1.75% interest (2006)
2022: $4 million at 1.75% interest (2007)
These were the deferred terms at the time of the trade from the Rangers to the Yankees. I was never clear what the interest on the deferred money was referring to. Was it 1.75% interest from the year it came from? If not, interest from what? Original contract time? Never found a good answer for that. The Yankees also owe deferred money from 2001-2007, but it’s only $1 million a year for them.
So we’re still on the hook for money, but Arod opting out saves us $21 million in salary from 2008-2010, and $9 million more in deferred money from 2023-2025. I hope we do something good with this money. What do you think we should do? Comment below.