Ed Wade is out of a job after being fired by the Astros last night, but the 55-year-old former general manager will be collecting a paycheck for two more seasons.
Wade told Zachary Levine of the Houston Chronicle that an “evergreen” provision in his contract recently kicked in to extend the deal another season, meaning he was signed through 2013.
Not only will Wade be paid for six years despite holding the job for only four years, the Astros will be paying two general managers in each of the next two seasons. Jim Crane probably doesn’t mind too much, as Wade’s undisclosed salary is no doubt similar to that of a bench player, but it’ll be interesting to see if the Astros’ new ownership also decides to pay two managers by firing Brad Mills.
While news of Wade’s firing broke last night, Levine reports that the GM was told of the move the day before Thanksgiving and, unlike longtime team president Tal Smith, was given an opportunity to meet with ownership on his way out.