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Friday, October 06, 2006
One Last Year For ARod? Or, how much is happiness worth?
Alex Rodriguez has a clause in his contract that allows him to void the contract, following the 2007 seasons (and 2008, 2009, contract expires after 2010 season). He’d be leaving over 90 million$ on the table. On April 1, 2008, he will be a few months shy of 34 years. He may even need to shift to RF. He will also have 500 HR in the bank, and likely to clear 600. Say he voids his contract, so that he gets out of the hellhole (for him) that is the Yankees and gets to sign a 3-yr, 45-50 million$ contract elsewhere. (Interestingly, that’s about how much the Yanks would have paid him, so voiding the deal really saves the Rangers the most!). So, that’s 45-50 million$ that he’s really leaving out there.
Would you rather have 50 million$ and be happy, or 100 million$ and be miserable? How much is happiness worth? Or, in our terms, would you rather have 100,000$ and be happy, or 200,000$ and be miserable?