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Auggie

(31,163 posts)
Sun May 3, 2015, 11:12 AM May 2015

Yankees renege on A-Rod's $6 million bonus

Last edited Mon May 4, 2015, 12:22 PM - Edit history (1)

BOSTON -- For the first time since the next potential court battle involving Alex Rodriguez became public, a New York Yankees official has gone on record confirming that the club has no intention of paying the controversial slugger a $6 million bonus for hitting his 660th home run.

"We have the right but not the obligation to do something, and that's it," said Yankees general manager Brian Cashman before Saturday's Yankees-Red Sox game at Fenway Park. "We're going to follow the contract as we follow all contracts, so there is no dispute, from our perspective."

In other words, in the Yankees' interpretation of the contract, they are under no obligation to pay off on a deal they feel is no longer valid due to Rodriguez's 162-game suspension for drug violations last year.

SNIP

A source who was involved in the drafting of the agreement told ESPNNewYork.com that the numbers are explicitly spelled out in the contract; the Yankees contend that the bonuses are contingent upon the club's ability to market the accomplishment, which they contend is impossible now due to Rodriguez's admissions of, and punishment for, illegal PED usage.

MORE: http://espn.go.com/new-york/mlb/story/_/id/12807079/brian-cashman-says-new-york-yankees-pay-alex-rodriguez-6-million-bonus-660th-home-run

That bonus was an addendum to the $275 million contract Rodriguez signed in 2007 and calls for five payments of $6 million each for reaching home run milestones set by Willie Mays, Babe Ruth, Hank Aaron, Barry Bonds and for setting the record of 763.

Bonuses are contingent upon the club's ability to market the accomplishment—Yankees should give $3 million to the genius who crafted that loophole.

A big dose of schadenfreude for A-Rod/Yankees haters.

10 replies = new reply since forum marked as read
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Yankees renege on A-Rod's $6 million bonus (Original Post) Auggie May 2015 OP
Could we please put "welsh" on the ash heap of history? KamaAina May 2015 #1
I looked it up Auggie May 2015 #2
Threats, followed by demands, then a lawsuit... joeybee12 May 2015 #3
BTW, the term "welch" is offensive n/t Yavin4 May 2015 #4
Won't happen again Auggie May 2015 #5
Out of the 6 word title, 3 were highly offensive... joeybee12 May 2015 #6
I Think The Third One is the Most Offensive ProfessorGAC May 2015 #7
Probably... joeybee12 May 2015 #8
and "belch" is just plain offensive!! madinmaryland May 2015 #10
So in other words, they want to be... El Supremo May 2015 #9
 

KamaAina

(78,249 posts)
1. Could we please put "welsh" on the ash heap of history?
Sun May 3, 2015, 01:58 PM
May 2015

Okay, okay, I may be part Welsh if you follow my Scottish ancestry back far enough.

 

joeybee12

(56,177 posts)
3. Threats, followed by demands, then a lawsuit...
Sun May 3, 2015, 02:39 PM
May 2015

Yankees end up paying 2.7 million, spend 7.2 million in legal fees.

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