Reverse Geometric Series
Bobby Abreu’s 2009 salary continues to keep halving itself:
A Mets official did not rule out signing free-agent outfielder Bobby Abreu, but indicated that any contract likely would have to be for one year at less than $4 million. Abreu, 34, hit .296 with 20 homers and 100 RBI for the Yankees last season.
When the season ended, Abreu was making 16MM. He was hoping to get a three year, 48MM deal. He held on that for months. As of a few weeks ago, he cut his demands in half, looking for a one year, 8MM deal. Now it’s down to 4MM… nothing against Abreu. His defense is horrible, but if he plays as a DH, he’d be worth a good two runs above replacement. Someone is sure to grab him as that price continues to plummet.
Pingbacks:
No Pingbacks for this post yet...
Previous post: Playing in the Bush LeagueNext post: Market Corrections