Cordero's Future with Washington
Just more than two weeks after Chad Cordero had major right shoulder surgery, he has learned of the team's decision to non-tender him at the end of the season. GM Jim Bowden revealed the team's intentions in an interview yesterday with SportsTalk 980. Bowden and other sources confirmed the decision this morning. Bowden said in an e-mail, "We have let his agent Larry Reynolds know that we can't commit 5-7 million to Chad after his surgery, but we are interested in a low base [salary] with incentives in case he is healthy."
This is a logical decision. Only the timing is surprising. It does not mean that Cordero's time with the Nationals is over, though indeed he will have the choice to go elsewhere. This is simply the team's way of beginning a process to lower Cordero's salary for next season. Had the team tendered his contract for next season, Cordero would have headed to arbitration, meaning his salary for 2009 couldn't have been less than 80 percent of what it was this year.
Before the season, Cordero had signed a one-year, $6.2 million contract that would have made him eligible for arbitration before 2009 and eligible for free agency after 2010. Now, will be a free agent at the end of this year.
I'll have more on this to come.
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