Derrek Lee’s one-year deal with Orioles worth $7.25 million plus incentives

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Derrek Lee and the Orioles are making their one-year deal official today, and Don Connolly of the Baltimore Sun reports that the contract is worth $7.25 million in guaranteed money plus another $2.75 million in potential “performance bonuses.”

Lee just finished a five-year, $65 million deal signed with the Cubs in 2006, but is a 34-year-old coming off a career-worst season filled with thumb problems and the going rate for a veteran first baseman/corner outfielder coming off a down or injury wrecked season appears to be around $8-10 million.

Lance Berkman got $8 million from the Cardinals. Carlos Pena got $10 million from the Cubs. Magglio Ordonez got $10 million from the Tigers. And on the low end Hideki Matsui and Lyle Overbay each got $5 million. Lee’s deal could be worth up to $10 million and I like his chances of bouncing back in 2011, in which case he probably has more upside than any of those other guys.

Yankees get into esports, announce investment partnership with Vision Esports

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The Yankees have announced an investment partnership with Vision Esports. Vision Esports is the largest single shareholder of three esports-related companies, which includes Echo Fox, Twin Galaxies, and Vision Entertainment. The size of the investment was not disclosed.

Echo Fox was founded by former NBA player Rick Fox. The team has players from some of the most popular titles, including League of Legends, Call of Duty, Street Fighter, and Super Smash Bros.

Twin Galaxies tracks retro video game world records. Vision Entertainment creates esports content across various platforms.

This is not the first intersection of baseball and esports. Earlier this year, pitcher Trevor May joined esports team Luminosity. Other teams, particularly in the NBA, have gotten involved in esports. Last year, the Philadelphia 76ers acquired esports teams Dignitas and Apex.