Matt Ortega

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ESPN: Yankees Set to Offer A-Rod $30 Million/Year

George Steinbrenner, the legendary owner of the New York Yankees, may have relinquished control of the team following its demise in the American League Divisional Playoffs against the Cleveland Indians, but the Yanks continue to throw massive amounts of money at their problems.

ESPN reports that the Yankees asked to meet with All-Star third baseman, Alex Rodriguez, and will reportedly offer $30 million a year for five seasons.

The offer could be for something in the range of five years — beyond the three years Rodriguez is already under contract for, from 2008-10 — and perhaps $30 million a year. The highest per-workday salary earned to date is the $28 million Roger Clemens received, in prorated salary, for a little less than four months of work this season.

If the Yankees’ extension offer is for something in the range of $150 million, over five years, then Rodriguez would be owed about $230 million over the next eight seasons.

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January 6, 2009

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