[新聞] Rodriguez Is Bargain for Yankees at $23 Million, Economist Says

看板A-Rod作者 (Partridge)時間18年前 (2007/05/04 12:48), 編輯推噓0(000)
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From: http://tinyurl.com/2pb4vj 非體育專欄,從經濟學角度檢視A-Rod合約價值。 Rodriguez Is Bargain for Yankees at $23 Million, Economist Says By Danielle Sessa May 2 (Bloomberg) -- The New York Yankees' Alex Rodriguez, whose $252 million contract is the biggest in baseball history, generates more than twice his $23 million annual salary for the team, according to an economist who has advised franchises on players' value. The Yankees earn almost $47 million a year in revenue based on the games Rodriguez wins for the club, said Stephen Walters, an economics professor at Loyola College in Maryland. Rodriguez, a two-time American League Most Valuable Player, is an even bigger bargain because New York is responsible for only $16 million of his salary this season. His former team, the Texas Rangers, is paying the rest as part of the trade that brought him to the Yankees in 2004. ``Even as rich as his contract appears to be, he's probably a pretty good investment for the Yankees,'' said Walters, whose clients have included the Boston Red Sox. While New York has sunk to last place in the American League East with a 10-14 record, Rodriguez is off to the best start in his 14-year career. The 31-year-old third baseman hit a record-tying 14 home runs in April. Rodriguez has the option to cancel the final three years and $81 million of his contract after the season to sign with the highest bidder. Rodriguez's Wins The Yankees win 10 more games a season with Rodriguez, based on Walters's projections. Each victory results in $4.66 million in additional revenue, including ticket and merchandise sales and higher prices for sponsorships and commercials on the team's Yankees Entertainment & Sports Network. Even after deducting the Yankees' payments into baseball's revenue-sharing plan -- where money from wealthy clubs is given to lower-revenue teams to try to keep them competitive -- Rodriguez still is producing about $31 million this season. Rodriguez's agent, Scott Boras, declined to discuss whether the money his client brings the Yankees would become part of negotiations for a new contract. ``The value of players is something that we keep internally and talk about with the teams,'' said Boras, who is based in Newport Beach, California. ``We really don't discuss that publicly.'' As part of the agreement Boras negotiated, Rodriguez has another $4 million for this season deferred. Rodriguez said as recently as April 24 that he has no plans to leave New York. Hot April This season, he's batting .371 and has already won two games for the Yankees in the club's last at-bat with a grand slam against Baltimore and a three-run homer versus Cleveland. ``You are seeing the ability he's always had and the ability that everyone has always looked for,'' said Hall-of-Fame outfielder Reggie Jackson, an adviser to the Yankees. ``You are going to be able to sit back and enjoy and watch him in awe.'' Yankees fans may want to do that now, because he'll cease being a bargain for the team if he seeks a new contract, said Walters, who has an office at Loyola's Baltimore campus. The Rangers wouldn't be obligated to pay his future salary, wiping out the Yankees' profit. New York, whose $190 million payroll is the highest in Major League Baseball, also has to analyze how Rodriguez's salary affects the amount the team pays in luxury tax, which is charged to the sport's highest-spending clubs. The Yankees would have to pay a 40 percent penalty in 2008 on the amount their payroll exceeds $155 million. ``They are going to have to make a really tough call,'' Walters said. Mets Rodriguez is scheduled to make $27 million for each of the next three seasons and might have a difficult time getting more, Walters said. After revenue sharing, only the New York Mets would profit by signing him at his current salary. The club would generate $31 million with Rodriguez continuing to play in the nation's biggest media market. With the Mets' All-Star third baseman David Wright and shortstop Jose Reyes signed through at least 2010, Rodriguez is an unlikely addition. Rodriguez would have a hard time finding a bigger contract, said former Red Sox General Manager Dan Duquette. ``He's already playing in the largest market,'' said Duquette, who was one of Walters's clients. ``Where else can he go where his services will be more valuable?'' Owners of teams desperate to win, like the Yankees' George Steinbrenner, might pay more for Rodriguez, even if it means losing on the investment, Walters said. ``It's not about rationality,'' he said. ``What is his objective? Does he want to win money or want to win rings?'' -- ※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 203.69.75.117
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