A-Rod loss to create winners
The Texas Rangers have lost to the New York Yankees again.
This
time, the loss came in the form of the American League’s Most
Valuable Player, Alex Rodriguez.
The
trade became official last Monday after rumors had circulated for a
couple of weeks.
In
exchange for Rodriguez, the Yankees will trade second baseman Alfonso
Soriano and a minor league player to be named.
The
Rangers will also pay the Yankees $43 million over the next seven years
as well as a deferred $24 million to cover Rodriguez’s contract.
As part of the agreement, the Rangers also purchased Rodriguez’s
luxury suites at both The Ballpark at Arlington and the American Airlines
Center in addition to his house in Dallas.
Rodriguez
had to make concessions himself. In New York, he will no longer play
shortstop; instead, he will take over Yankees’ third baseman Aaron
Boone’s position. Boone’s injury in January during a basketball
game left the Yankees with a hole they hoped to fill with Rodriguez,
and he agreed to change positions.
On
the plus side, from the trade of Rodriguez, the Rangers will save $112
million, allowing Hicks to sign several young players.
The
Yankees trade may have caught some people by surprise since, previously,
there was talk Rodriguez would be traded to the Boston Red Sox.
However, that deal fell through in December. Red Sox owner
John Henry made a public statement on Wednesday that he now believes
the New York Yankees $190 million payroll warrants the idea that baseball
needs a salary cap.
The
Red Sox have the second highest payroll in the league.