Doug DeCinces had the unenviable task of following Brooks Robinson as the Orioles’ everyday third baseman. Clearly he was so disillusioned by the experience that he decided to turn to a life of crime 35 years later:
The Securities and Exchange Commission charged former professional baseball player Doug DeCinces and three others with insider trading ahead of a buyout by Abbott Laboratories (ABT). DeCinces will pay $2.5 million to settle the charges.
It wasn’t all that sophisticated an operation as far as these things go. Some more details here. Basically, he got an inside tip, traded on it and profited.
I’m sure that Brooks would have done it way more smoothly.
Ken Rosenthal of The Athletic reports that there is a “one million percent” chance Yankees closer Aroldis Chapman will opt out once the season ends.
Just going by the math this makes perfect sense, of course.
Chapman signed a five-year, $86 million deal with the Yankees before the 2017 season. Pursuant to the terms of the deal he’ll make $15 million a year in 2020 and 2021 (he was given an $11 million signing bonus that was finished being paid out last year). This past season the qualifying offer was $17.9 million. Craig Kimbrel of the Cubs just signed a deal that will pay him $16 million in 2020, 2021, and 2022 (he’s making a prorated $16 million this year). Other top closer salaries at the moment include Kenley Jansen ($19,333,334); and Wade Davis ($18 million).
It’s fair to say that Chapman fits into that group and, I think it’s safe to say, more teams would take him than those guys if they were all freely available. As such, Chapman opting out to get more money makes all kinds of sense. Heck, opting out, getting slapped with a qualifying offer, accepting it and then hitting the market unencumbered after the 2020 season would stand him in better financial stead than if he didn’t opt-out in the first place.
The question is whether the Yankees will let it get that far or whether they’ll approach him to renegotiate the final couple of years on the deal or to add some years onto the back of it. If they’re smart they will.