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Monday, November 15, 2004

Angels Exercise Option On Molina, Waive Ortiz

The AP reports the Angels have exercised their option on Benjie Molina for 2005; he will make $3 million. Ramon Ortiz's option was waived, and he will receive a $100,000 buyout. Ortiz remains on the 40-man roster, and will be eligible for arbitration.

Update: Why do people think Ortiz is going anywhere? He's still on the 40-man roster...


// posted by Rob @ 6:04 PM link  //  3 comments
Comments:
Ortiz would easily make $5 million + in arbitration, and there's a pretty good chance that he'd make more than his option would have paid. So either the Angels are done with him, or they're taking an incredibly stupid gamble in order to save a couple hundred thousand dollars.
# posted by Blogger Richard : 11/15/2004 08:05:00 PM
 
But... he's still on the 40-man roster.
# posted by Blogger Rob : 11/15/2004 09:23:00 PM
 
Only until December 7th, when the Angels will officially not offer him arbitration. He's gone.
# posted by Blogger Richard : 11/15/2004 10:33:00 PM
 

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