Don’t worry about A-Rod’s finances if he’s banned for life

49 Comments

Alex Rodriguez has made an awful lot of money in his career. And he’s even become a budding house-flipper. He’s doing OK.  But even if he lost everything to a bad bet tomorrow, A-Rod would not be broke in the event he is banned from baseball for life. He can thank Tom Hicks for that. Evan Grant reminds us:

The Rangers still owe Rodriguez approximately $40 million (which will grow to nearly $50 million by the time it is paid) in deferred money from his original contract. That money was later deferred even further to accommodate his trade to New York. It is to be paid from 2016-2025.

A ban would stop his current Yankees salary, but he still earned and is entitled to the money the Rangers agreed to give him way back in January 2001. I figure he’ll be able to get by on that just fine.