Monday, January 08, 2007

D-Backs come to Agreement

The D-backs have reached agreement on a two-year contract with Randy Johnson, leaving only a physical and a review of his medical records standing in the way of him officially rejoining the team.
According to The Associated Press, the two-year deal is worth $26 million.
Johnson's new deal calls for a $12 million signing bonus, of which $3.5 million is payable this year, $500,000 in 2008 and $4 million each in 2009 and 2010, a baseball official with knowledge of the negotiations told The AP, speaking on condition of anonymity because the terms weren't disclosed in Sunday's announcement. Johnson gets salaries of $4 million this year and $10 million in 2008. As part of the trade, the Yankees would pay $2 million of Johnson's salary this year. That means Arizona would be responsible for $24 million: $5.5 million this year, $10.5 million in 2008 and $4 million each in 2009 and 2010.
On Thursday, the D-backs and Yankees agreed on a trade that would send Johnson and $2 million to Arizona in exchange for reliever Luis Vizcaino and Minor Leaguers Ross Ohlendorf, Steven Jackson and Alberto Gonzalez.
Johnson was owed $16 million this year in the final season of his January 2005 contract with the Yankees, a deal that called for $1.5 million to be deferred without interest until 2010.
Because of the cash involved(insane amount if you ask me), Commissioner Bud Selig must approve the trade.

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