Abreu to Sign With Angels
Former All-Star outfielder Bobby Abreu has found his new home, and it's a long way from the ones he's made in Philadelphia and New York.
According to Sports Illustrated's Jon Heyman, Abreu has agreed on a one-year deal with the Los Angeles Angels of Anaheim worth approximately $5 million.
The drop in Abreu's salary is startling. He made a whopping $16 million in 2008, which is precisely why the Yankees never offered him arbitration, since his acceptance of that offer would have essentially ensured the Yankees would be on the hook for $16 in 2009. Because they didn't offer arbitration, Abreu's signing won't force the Angels to forfeit a first-round draft pick.
For Abreu, this is clearly a chance to re-establish his market value for a season, after which he can try to re-enter the free agent market when economic conditions might be more conducive to a bigger-money, multi-term deal.
Abreu's deal may be the first domino in the lagging corner outfield market. With Abreu off the books at a bargain basement price, teams like the Nationals can make a more targeted approach for Adam Dunn. If they offered something north of $5 million for two years, it might be hard for a guy like Dunn to turn the deal down ... unless he thinks Manny Ramirez really won't re-sign with the Dodgers, which would open up a lane to his preferred destination in L.A.
What do people think? Even though rumors of a discount price persisted, it's still a little shocking to see Abreu sign for $11 million less than he received in 2008, isn't it?
Posted by: resumeman | February 11, 2009 1:15 PM | Report abuse
Posted by: jca-CrystalCity | February 11, 2009 2:14 PM | Report abuse
Posted by: kamiah | February 12, 2009 2:05 PM | Report abuse
The comments to this entry are closed.