10.27.07

Olney : Yanks To Offer Rodriguez A Record Breaking Extension

Posted in Baseball at 1:17 pm by

From ESPN.com’s Buster Olney :

The New York Yankees have asked to meet with Alex Rodriguez, and if and when they get that meeting, league sources indicate the team is prepared to make him an offer that will exceed, in average salary, the $27 million per year that he is scheduled to make over the next three seasons — and A-Rod would be in line to set yet another salary benchmark.

The offer could be for something in the range of five years — beyond the three years Rodriguez is already under contract for, from 2008-10 — and perhaps $30 million a year. The highest per-workday salary earned to date is the $28 million Roger Clemens received, in prorated salary, for a little less than four months of work this season.

If the Yankees’ extension offer is for something in the range of $150 million, over five years, then Rodriguez would be owed about $230 million over the next eight seasons.

Though it might be incorrect to presume the Yankees are bidding against themselves — perhaps the Angels or Giants are prepared to offer a quarter or more of their payroll to one player? — the fact remains that if Rodriguez does leave the Bronx, his next club will have to pay his salary without the benefit of some $10 million a year in relief from Texas’ Tom Hicks. A-Rod’s current salary looks like a bargain compared to Carlos Lee or Alfonso Soriano — slightly less so without the Rangers’ loot.

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