Poor planning, lack of cash could force Reds to slash payroll

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Less than four months ago the Reds traded three players to the Blue Jays for Scott Rolen and the $11.8 million remaining on his contract for 2010, but now Ed Price of Fanhouse reports that they “need to slash payroll” and may be forced to shop high-paid veterans Brandon Phillips, Aaron Harang, and Bronson Arroyo.
Harang and Arroyo are solid starters, but they’re hardly top-of-the-rotation material and Cincinnati would likely have to eat some salary to get either of them off the books. Arroyo is owed $11 million next season and $11 million or a $2 million buyout for 2011. Harang is owed $12.5 million next season and $12.75 million or a $2 million buyout for 2011. Good luck shedding those contracts in this environment.
Phillips would be far easier to trade, because he’s 28 years old, excellent defensively at second base, hit .276/.329/.447 with 20 homers and 25 steals this season, and is owed a more palatable $17.75 million over the next two seasons with a $12 million option or $1 million buyout for 2012. Ironically, general manager Walt Jocketty explained that the extent of the payroll issues may be determined by offseason ticket sales, which will no doubt be hurt by talk of the team having to deal away well-known players.
Getting rid of closer Francisco Cordero and the $25 million that he’s owed over the next two seasons would seemingly be another option to lessen the payroll, but Price notes that the Reds “would prefer to keep” him. Apparently paying $12.5 million per season for a closer who pitches 70 innings is absolutely vital for a team that hasn’t finished above .500 since 2000. Or something.

Rangers sign Josh Hamilton to a minor league deal

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The Texas Rangers have signed Josh Hamilton to a minor league contract with an invitation to spring training.

Not at all surprising. The Rangers released Hamilton last August, but that was simply to make some room on the 40-man roster. His season was already toast due to the surgery he underwent to repair lateral and meniscus cartilage in his left knee which had the added bonus of revealing that he had an ACL injury as well, which required reconstruction. At the time of his release both he and the Rangers made noises about him coming back on a minor league deal in 2017.

Hamilton turns 36 in May. The smart money has it that his big league career is over, but Hamilton would be silly to retire given that he is owed $30 million this coming season. That the Angels are paying $26.41 million of that makes it far less painful for the Rangers as well. If he can hit in the spring, hey, let him DH some and pay him low money. If not, no skin off of anyone’s nose. He can request a release on April 1 if he hasn’t made the big league roster.

A-Rod to host a reality show featuring broke ex-athletes

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Alex Rodriguez’s transition into retirement has featured a serious move into the business world. He has gone back to school, worked seriously on investments and has started his own corporation. Yes, he’s set for life after making more money than any baseball player in history, but even if his bank account wasn’t fat, you get the sense that he’d be OK given what we’ve seen of his work ethic and savvy in recent years.

He’s going to be getting another paycheck soon, though. For hosting a reality show featuring athletes who are not in as good a financial shape as A-Rod is:

Interesting. Hopefully, like so many other reality shows featuring the formerly rich and famous, this one is not exploitative. Not gonna hold my breath because that’s what that genre is all about, unfortunately, but here’s hoping A-Rod can help some folks with this.