White Sox news, Minor Leagues updates and more

August 23, 2010

What salary would the White Sox have to pay Manny Ramirez?

Filed under: Chicago White Sox — The Wizard @ August 23, 2010 8:43 pm
Tags: , , ,

Olney @ ESPN:

The structure of Ramirez’s contract might make him more attractive to teams interested in the slugger. Any team that made a move for Ramirez would owe him a prorated portion of his $20 million salary. However, about three-quarters of his salary is deferred.

So if the Chicago White Sox or Tampa Bay Rays, for example, were to acquire Ramirez, they would owe him only $1.1 million for the rest of this season, and about $3.3 million in deferred salary.

Sounds expensive…

UPDATE !: As I was reminded below, Manny will probably net the White Sox free-agent compensation when he leaves after the season’s over. He doesn’t sound so expensive now.

UPDATE #2: Strike from the record UPDATE #1.

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5 Comments »

  1. Does the prospect of compensation picks change your opinion?

    Comment by Anonymous — August 24, 2010 @ August 24, 2010 9:43 am | Reply

    • right, I forgot this

      and this changes the equation a lot

      thanks for reminding me

      Comment by The Wizard — August 24, 2010 @ August 24, 2010 12:34 pm | Reply

      • one thought

        any idea if manny would still be a Type-A if he moves to the AL?

        Comment by The Wizard — August 24, 2010 @ August 24, 2010 12:49 pm | Reply

  2. In order to acquire free-agent compensation (draft picks), the Sox would have to offer Ramirez arbitration. Ramirez would be crazy to turn down arbitration because no one would give him a 2011 salary anywhere near his potential arbitration award based on his 2010 salary of $20 million. Since the Sox are not going to dole out around $20 million for a 2011 DH, they will not offer arbitration and therefore will not receive draft picks as compensation.

    Comment by Buford — August 24, 2010 @ August 24, 2010 4:55 pm | Reply

    • I stand corrected again.

      Yeah, the Sox won’t be offering arbitration to Manny

      thanks for the correction

      Comment by The Wizard — August 24, 2010 @ August 24, 2010 5:57 pm | Reply


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