posted on Feb, 5 2005 @ 10:07 PM
the last of the blue chip free agents looks like he has signed a deal with the detroit tigers....
Source: Tigers agree to $75 million deal with Ordonez
By RONALD BLUM, AP Sports Writer
February 5, 2005
NEW YORK (AP) -- The Detroit Tigers snared the last remaining premiere free agent of the offseason, agreeing to a $75 million, five-year contract with
outfielder Magglio Ordonez, a baseball source said Saturday.
Ordonez's deal could be worth up to $105 million over seven seasons, the source told The Associated Press on the condition of anonymity.
Under the complicated deal, Detroit would have the right to void the contract after the 2005 season if Ordonez has a reoccurrence of the left knee
injury that hampered his production with the Chicago White Sox for most of last year and the reoccurrence lands him on the disabled list for 25 days
The 31-year-old Ordonez gets a $6 million signing bonus and a $6 million salary in 2005, meaning the Tigers' exposure is $12 million.
His contract calls for a $15 million salary in 2006, $12 million in 2007, $15 million in 2008 and $18 million in 2009. Detroit has a $15 million
option for 2010 with a $3 million buyout, and a $15 million option for 2011 with no buyout.
In addition, Ordonez's salary in each of the option years would become guaranteed if he has 135 starts or 540 plate appearances in the previous
season, or 270 starts or 1,080 plate appearances in the previous two seasons. If his 2010 salary becomes guaranteed under this provision, it would be
at $18 million. The 2011 salary would be $15 million.
Tigers president Dave Dombrowski did not return telephone messages.
The Chicago Cubs, Toronto Blue Jays and Texas Rangers backed out of talks this week, and the Mets told Ordonez's agent, Scott Boras, on Friday that
they were not prepared to move quickly and would first want to examine the player.
Ordonez, a four-time All-Star, hit .292 last season with nine homers and 37 RBIs in 202 at-bats. A career .307 hitter with 187 homers, he missed 36
games after injuring his left knee May 19 -- an injury that required two operations, then went on the disabled list for good on July 22 with bone
Ordonez made $14 million last year and had been seeking a five-year deal, but he became a free agent when the White Sox did not offer salary
arbitration because they were not able to evaluate his surgically repaired left knee.
The Tigers lost 90 game last season -- a 29-game improvement -- in what was the second-best turnaround in the AL since it expanded in 1961.
Newsday first reported the agreement on its Web site Saturday.