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07/31/2010 - St. Petersburg, FL (Sportsbook Betting Lines) - The New York Yankees and Houston Astros have finalized a trade for first baseman Lance Berkman.
Berkman and cash considerations will head to the Yankees in exchange for pitcher Mark Melancon and minor league infielder Jimmy Paredes.
The 34-year-old Berkman had spent his entire career with the Astros and this season was batting just .245 with 13 homers and 49 runs batted in through 85 games. He began this season on the disabled list after undergoing arthroscopic surgery on his left knee on March 13 to remove loose cartilage.
A Texas native who went to college at Rice University in Houston, Berkman had to waive his no-trade clause to accept the deal. He is expected to see most of his playing time as the designated hitter for the Yankees, while also spelling Mark Teixeira at first base.
The five-time All-Star is in the final year of a six-year contract and has a salary of $14.5 million this season. His deal has a $15 million club option for 2011 with a buyout of $2 million.
Over 12 major league seasons, Berkman is a .296 hitter with a .410 on-base percentage, 326 homers and 1,090 RBI.
It is the second major trade for the Astros this week, as the club sent ace Roy Oswalt to the Phillies on Thursday.
<< Russians prevail in Istanbul
Istanbul, Turkey (Sportsbook Betting Lines) - Russians Anastasia Pavlyuchenkova and
Elena Vesnina were semifinal winners Saturday and will meet for the title at
the Istanbul Cup.
The third-seeded Pavlyuchenkova earned a 7-6 (7-1), 2-6, 7-5
<< Tseng maintains lead at Women's British Open
South Port, England (Sportsbook Betting Lines) - Yani Tseng eagled the final hole
Saturday en route to her third straight four-under 68 and a four-shot lead
after the third round of the Women's British Open.
Tseng finished 54 holes at 12-un
<< Indians scratch Westbrook
Toronto, ON (Sportsbook Betting Lines) - The Cleveland Indians have scratched pitcher
Jake Westbrook from Saturday's scheduled start against Toronto.
The MLB Network said Westbrook is on the verge of being traded and reports it
could be a three-way de
<< Fisher stumbles but still leads Irish Open
Killarney, Ireland (Sportsbook Betting Lines) - Ross Fisher played his last 11 holes in
four-over par Saturday, but still managed an even-par 71 and held on to first
place after the third round of the Irish Open.
Fisher, who fired a tournament-record-
Sharks re-sign Setoguchi >>
San Jose, CA (Sportsbook Betting Lines) - The San Jose Sharks have re-signed restricted
free agent forward Devin Setoguchi to a one-year contract. Financial terms of
the contract were not disclosed.
Setoguchi, 23, posted 20 goals and 16 assists i
Redskins' Haynesworth has swollen knee, sits out again >>
Ashburn, VA (Sportsbook Betting Lines) - Washington Redskins defensive tackle Albert
Haynesworth did not practice for a third straight day, though this time
because of a swollen knee.
Haynesworth was held out of practice Thursday and Friday
Cubs ship Lilly and Theriot to Dodgers >>
Chicago, IL (Sportsbook Betting Lines) - The Chicago Cubs have traded pitcher Ted Lilly
and infielder Ryan Theriot to the Los Angeles Dodgers in exchange for
infielder Blake DeWitt and a pair of minor league pitching prospects.
Chicago also
Former UNM asst. coach sues current coach, regents >>
ALBUQUERQUE, N.M. (AP) -A former assistant football coach at the University of New Mexico has filed a civil rights lawsuit stemming from an altercation involving coach Mike Locksley.J.B. Gerald filed the lawsuit Friday in U.S. District Court in Albu
In the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree.
And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so.
Possibly because his agent isn't all that thrilled to have his name on the deal.
So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them.
Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.)
The deal also includes $17 million in guaranteed money.
As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached.
The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs.
In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season.
Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done.
And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting.
So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year.
There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve.
So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal.
And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million.
There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.)
Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft.
Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey.
Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year.
So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation.
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