Did the Cubs take on Womack's contract?

I'm not understand how this works.

Reds traded for him, Yankees are paying for a large size of his contract already. The Reds pay for the rest, DFA'd him, and the Cubs signed him. What are the Reds paying now, what are the Cubs paying, what are the Yankees paying?

[Red Leader]

Not sure of the particulars.

Womack's contract for 2006 was $2.0M.
Yanks gave the Reds $900,000 in the trade.
Reds were responsible for $1.1M of the rest of his contract.
Not sure where the money gets divided after that, or if it does.
From what I understand, the Reds may be on the hook for the full $1.1 - major league minimum (the amount the Cubs are paying him)
But I'm not 100% on that.

[flyer85]

Originally Posted by Red Leader

Not sure of the particulars.

Womack's contract for 2006 was $2.0M.
Yanks gave the Reds $900,000 in the trade.
Reds were responsible for $1.1M of the rest of his contract.
Not sure where the money gets divided after that.

The Cubs have to pay the minimum, the Reds are responsible for the rest.

What's the major league minimum?

[Red Leader]

Originally Posted by GOREDSGO32

What's the major league minimum?

The minimum salary for the 2006 season is $327,000.00

The Reds are on the hook for $773,000.00 of Womack's salary this year.

Thanks, Mr. O'Brien.

Oh well .. thats not a crapload of money really in today's game. A toss in the bucket compared to what Milton and Wilson are earning.

[Blimpie]

Originally Posted by GOREDSGO32

Oh well .. thats not a crapload of money really in today's game. A toss in the bucket compared to what Milton and Wilson are earning.

Say, who is this Wilson fellow you are referring to? Can he pitch?

[Danny Serafini]

Originally Posted by Red Leader

The minimum salary for the 2006 season is $327,000.00

The Reds are on the hook for $773,000.00 of Womack's salary this year.

Thanks, Mr. O'Brien.

The Cubs only have to pay the minimum prorated from the time they pick him up, so they'll only have to pay something in the neighborhood of $250,000.

Originally Posted by Blimpie

Say, who is this Wilson fellow you are referring to? Can he pitch?

Um .. Paul Wilson? Apparently he can't pitch, but he's still getting paid all the same.

[Red Leader]

Originally Posted by Danny Serafini

The Cubs only have to pay the minimum prorated from the time they pick him up, so they'll only have to pay something in the neighborhood of $250,000.

Doh! Thanks. I knew time came into the formula somewhere....

[Blimpie]

Originally Posted by Danny Serafini

The Cubs only have to pay the minimum prorated from the time they pick him up, so they'll only have to pay something in the neighborhood of $250,000.

For that kinda cabbage, the Cubs should have just called Girl Friday.

[jnwohio]

Isn't the minimum scale based on years of service, i.e. the minimum for somebody with 4 years is higher than the minimum for somebody who is a raw rookie?

I thought I saw something in the neighborhood of $500,000 mentioned as the minimum for someone of Aurilia's experience level when they were negociating with him over the winter. If this is the case, the Reds should be getting back more than $250,000 from the Cubs on Womack.

[Chip R]

Originally Posted by jnwohio

Isn't the minimum scale based on years of service, i.e. the minimum for somebody with 4 years is higher than the minimum for somebody who is a raw rookie?

I thought I saw something in the neighborhood of $500,000 mentioned as the minimum for someone of Aurilia's experience level when they were negociating with him over the winter. If this is the case, the Reds should be getting back more than $250,000 from the Cubs on Womack.

No. Theoretically, a guy with 4 years of service can still make the minimum just like a rookie. Of course because of arbitration, a guy with over 3 years of service can make much more than the minimum. I think what they were talking about with Aurilia was that a guy with his experience should command a certain amount of money. Usually veterans that are picked up off the scrap heap can command at least $500K. They could pay him the minimum but most teams will not just out of respect to the guys service time.