Oct 16, 2010, 1:16 PM EDT
UPDATE: The Mets confirmed to Steve Popper of the Bergen Record that Monday’s hearing with Francisco Rodriguez has been canceled and that the two sides are nearing a settlement.
10:50 AM: According to Dan Martin and Joel Sherman of the New York Post, the Mets and Francisco Rodriguez are close to a negotiated settlement and may avoid Monday’s scheduled arbitration hearing.
According to the report, there is “belief between the parties” that an agreement could be announced by a soon as Monday or Tuesday.
A settlement likely means that the Mets will not be able to avoid paying the remainder of Rodriguez’s contract, which includes $11.5 million next season and a $17.5 million vesting option for 2012. As we’ve said all along, the most realistic scenario is that the team would be able to recoup some or all of the salary from the time K-Rod missed due to his thumb injury.
In other words, barring picking up a significant portion of his salary in a trade — or jail time, which will likely be avoided with a plea agreement — Rodriguez will be back with the Mets next season.
- Alex Rodriguez celebrates 40th birthday with a home run 4
- Mets acquire Tyler Clippard from the Athletics 17
- Angels acquire Shane Victorino from Red Sox 23
- Happy 40th Birthday, A-Rod! 44
- Craig Biggio, John Smoltz, Randy Johnson and Pedro Martinez inducted into the Hall of Fame 41
- And That Happened: Sunday’s scores and highlights 49
- Mike Trout hits two homers, including a grand slam, to take MLB lead 13
- Zack Greinke’s scoreless innings streak ends at 45 2/3 7
- The MLBPA is considering withholding cooperation with ESPN, Fox over Colin Cowherd’s comments (156)
- The Cubs are in discussions with the Phillies on Cole Hamels (146)
- MLBPAA announces “Heart and Hustle” award, given mostly to Americans and white guys (131)
- Colin Cowherd wonders how baseball can be considered “complicated” if Dominicans can understand it (129)
- Major League Baseball rips Colin Cowherd in an official statement (123)