The Student News Site of Texas A&M University - College Station

The Battalion

The Student News Site of Texas A&M University - College Station

The Battalion

The Student News Site of Texas A&M University - College Station

The Battalion

Junior G Wade Taylor IV (4) covers his face after a missed point during Texas A&Ms game against Arkansas on Feb. 20, 2024 at Reed Arena. (Jaime Rowe/The Battalion)
When it rains, it pours
February 24, 2024
Ali Camarillo (2) waiting to see if he got the out during Texas A&Ms game against UIW on Tuesday, Feb. 20, 2024 at Olsen Field. (Hannah Harrison/The Battalion)
Four for four
February 20, 2024
Advertisement
76th Speaker of the Senate Marcus Glass, left, poses with incoming 77th Speaker of the Senate Ava Blackburn.
Student leaders reflect on years of service in final Student Senate meeting
Justice Jenson, Senior News Reporter • April 18, 2024

The Student Government Association wrapped up its 76th session by giving out awards such as the Senator, Committee and Statesman of the Year...

Advertisement
Freshman Tiago Pires reaches to return the ball during Texas A&M’s match against Arkansas on Sunday, April 7, 2024 at Mitchell Tennis Center. (Lana Cheatham/The Battalion)
No. 14 Aggies receive early exit from SEC Tournament
Matthew Seaver, Sports Writer • April 19, 2024

The No. 14 Texas A&M men’s tennis team fell to the No. 44 LSU Tigers 4-3 in a down-to-the-wire duel on Thursday, April 18. Facing off at...

Julia Cottrill (42) celebrating a double during Texas A&Ms game against Southeastern Louisiana on Thursday, Feb. 22, 2024 at Davis Diamond. (Hannah Harrison/The Battalion)
Muffled the Mean Green
April 17, 2024
Advertisement
Members of the 2023-2024 Aggie Muster Committee pose outside the Jack K. Williams Administration Building. (Photo courtesy of Aggie Muster Committee)
Orchestrating a century-old tradition
Sydnei Miles, Head Life & Arts Editor • April 18, 2024

As Muster approaches, the Aggie Muster Committee works to organize a now century-old tradition. These students “coordinate every facet” of...

Advertisement
(Graphic by Ethan Mattson/The Battalion)
Opinion: ‘Fake Money,’ real change
Eddie Phillips, Opinion Writer • April 19, 2024

Us Aggies live privileged existences: companies beg us to take on tens of thousands in loans.  I know this may sound contradictory, but the...

Rodriguez traded to Yankees

NEW YORK – It’s a done deal: Alex Rodriguez is a Yankee.Commissioner Bud Selig approved the record-setting swap Monday, allowing the reigning American League MVP to be traded to New York by the Texas Rangers.
”I’m pretty excited. This is a big, big one,” Yankees owner George Steinbrenner said.
”It ranks with when we signed Reggie,” he said, a reference to when slugger Reggie Jackson joined the Yankees before the 1977 season.
Texas will pay $67 million of the $179 million left on Rodriguez’s $252 million, 10-year contract, the most cash included in a trade in major league history. The Rangers get All-Star second baseman Alfonso Soriano and a player to be named – but they also will pay Rodriguez through 2025.
”I am very concerned about the large amount of cash consideration involved in the transaction, and the length of time over which the cash is being paid,” Selig said.
”I want to make it abundantly clear to all clubs that I will not allow cash transfers of this magnitude to become the norm. However, given the unique circumstances, including the size, length and complexity of Mr. Rodriguez’s contract and the quality of the talent moving in both directions, I have decided to approve the transaction.”
Rodriguez will move from shortstop, a position at which he’s been an All-Star seven times, to third base, where he will replace injured Aaron Boone. The Yankees will keep Derek Jeter at shortstop.
“Jeter is the captain. He is the leader,” Steinbrenner said at the team’s minor league complex in Tampa, Fla.
Both Jeter and Yankees manager Joe Torre were expected to attend Tuesday’s news conference at Yankee Stadium to introduce Rodriguez.
Torre will miss the first day of spring training.
Steinbrenner praised Rodriguez’s decision to move to third.
”I was very impressed. He’s an outstanding young fellow. He’ll be very big in New York,” Steinbrenner said.
Rodriguez, who waived his no-trade clause, was desperate to play for a winner.
”I don’t think he ever thought about playing another position until the concept came up,” Rodriguez’s agent, Scott Boras, said Sunday. ”He decided it didn’t make a difference – shortstop, third base, center field.
He wanted the opportunity to play on a competitive team.”
The Rangers will wind up paying $140 million for three seasons with Rodriguez, an average of $46.7 million annually for three last-place finishes in the AL West. The Yankees will owe him $112 million over seven years.
”Since the end of last season we said we would not trade Alex unless it made sense for our organization,” Texas Rangers general manager John Hart said.
”This deal is a win-win-win situation for the Rangers, the Yankees and Alex Rodriguez. This trade is about flexibility. We’ve traded the best player in the game, and we’re getting tremendous financial flexibility.”
Baseball’s biggest spenders will raise their payroll to about $190 million.
”The disparity is not healthy for the sport,” Arizona Diamondbacks owner Jerry Colangelo said Sunday. ”But everyone runs their team the way they see fit, and they did it by the rules.”
Boras said the possibility of a trade first came up last Monday while he was talking to the Yankees about another player. Boras then called Rodriguez.
”I said, ‘There may be an opportunity. We have to talk about your goals, about winning,”’ Boras recalled telling his client.
”He called me back Tuesday and discussed it further and said, ‘Why don’t you call (Texas owner) Tom Hicks and let him know we’re ready to do that,”’ Boras said.
Trade talks began the following day, and the sides reached the agreement Sunday.
The Yankees will pay Rodriguez $15 million in each of the next three seasons, $16 million each in 2007 and 2008, $17 million in 2009 and $18 million in 2010, according to contract information obtained by the AP from player and management sources.
In each of the first four years, $1 million would be deferred without interest, to be paid in 2011.
The trade calls for Texas to pay $43 million of Rodriguez’s salary over the remaining seven years. In addition, the Rangers will pay the $24 million remaining in deferred money from the original contract, with the interest rate lowered from 3 percent to 1.75 percent.
All the deferred money owed by Texas – $36 million, including salaries from 2001-03 – will be converted to an assignment bonus, which makes the money guaranteed against a strike or lockout. The payout schedule will be pushed back to 2016-25 from 2011-20.
In exchange for the alterations, which devalue the present-day value of the contract by $5 million, Rodriguez will receive a hotel suite on road trips, have the right to link his Web site to the Yankees’ site and get a guarantee that the deferred money won’t be wiped out by a work stoppage.

Leave a Comment
Donate to The Battalion

Your donation will support the student journalists of Texas A&M University - College Station. Your contribution will allow us to purchase equipment and cover our annual website hosting costs.

More to Discover
Donate to The Battalion

Comments (0)

All The Battalion Picks Reader Picks Sort: Newest

Your email address will not be published. Required fields are marked *