Alex Rodriguez netted $15 million on the sale of his Miami Beach home earlier this year. Now he’s looking to make a cool million for carrying and then flipping a condo for only six months. From Realtor.com:
Rodriguez is asking $3.2 million for a unit in Mei Condominiums, an Asian-inspired luxury high-rise on the outskirts of Biscayne Bay. Less than six months ago the New York Yankees star paid $2.1 million for the condo.
Miami Condo Investments reports that Rodriguez commissioned renowned designer Briggs Edward Solomon to do a complete renovation of the unit shortly after buying the property in June. The three-bedroom, four-bathroom home now sports a whitewashed-modern design with hardwood flooring, contemporary finishes and walls of glass overlooking the Atlantic.
Major League Baseball: If you strike A-Rod down, he shall become more powerful than you can possibly imagine. He’ll have more time to flip real estate.
Go check out the pics of the A-Rod condo. In case you’re in the market, that is.
Update #2 (6:21 PM EST): Make that $37.5 million, per Heyman.
Update (6:02 PM EST): The deal is for “around” $37 million with deferrals that lower the present-day value, per Jeff Passan of Yahoo Sports.
Jon Heyman of FanRag Sports reports that free agent 1B/OF Mark Trumbo is close to a deal with the Orioles. He first reported that the two sides were back in touch earlier on Thursday afternoon. According to Ken Rosenthal of FOX Sports, the deal is expected to be for three years and under $40 million.
Trumbo’s market hasn’t developed as he expected. The slugger turned down the Orioles’ $17.2 million qualifying offer back in November. Then the Orioles reportedly made a four-year contract offer to him in December but pulled it off the table. Most recently, a report indicated that Trumbo lowered his expectations to a three-year deal in the $40-50 million range.
Trumbo, 31, led the majors with 47 homers for the Orioles this past season. He also hit a solid .256/.316/.433 with 108 RBI in 667 plate appearances. With Trumbo back in the fold and some slight offensive upgrades made, the Orioles figure to have a formidable offense in 2017.
The Astros avoided arbitration with pitcher Mike Fiers, agreeing on a $3.45 million salary for the 2017 season, per Jake Kaplan of the Houston Chronicle. The right-hander was in his first of three years of arbitration eligibility.
Fiers, 31, made 30 starts and one relief appearance for the Astros in 2016. He finished the year with a 4.48 ERA and a 134/42 K/BB ratio in 168 2/3 innings.
Fiers had a much better showing in 2015 as well as in limited action in 2014, so the Astros are hoping he rediscovers that effectiveness going forward. He’ll slot into the back of the starting rotation.