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The Yankees expect Mariano Rivera to take a pay cut

Nov 7, 2012, 3:00 PM EST

Mariano Rivera

Jon Heyman reports that the Yankees are expected to ask Mariano Rivera to take a “significant paycut” as part of a new contract.

He made $15 million in 2012. Heyman thinks the Yankees could ask him to take $10 million in 2013, possibly with incentives.  Which doesn’t seem unreasonable given his age and the fact that he’s coming off an injury.

Also: Rivera probably doesn’t have a choice. Not a palatable one, anyway. This is sort of like when Derek Jeter was a free agent a couple of years ago. He may be worth somewhere between $10-15 million to the New York Yankees given his history there, the fan base and what he means to the team. But is a closer of his age — like a shortstop of Jeter’s — worth that to another team? And what does changing teams at this juncture in his career do for him? At the very least it’s an inconvenience. At most it’s a disruption of a legacy. At least to the extent he cares about such things.

It’s possible Rivera will be worth more than that, both the Yankees or to some other team. Indeed, if 2011 Rivera shows up again the Yankees will have a bargain. But as we sit here now, not knowing what the injury and the time off will do to Rivera’s cutter, the leverage here is definitely on the Yankees’ side.

  1. Francisco (FC) - Nov 7, 2012 at 3:21 PM

    But as we sit here now, not knowing what the injury and the time off will do to Rivera’s cutter, the leverage here is definitely on the Yankees’ side.

    Time to call Nathan Ford.

  2. tcostant - Nov 7, 2012 at 4:07 PM

    Why would the Nationals give him $8M with the rest in incentives? The Yankees are playing a dangerous game here. Bet his agent also calls Boston again…

    • tcostant - Nov 7, 2012 at 4:07 PM

      I meant why wouldn’t the Nationals…

      • whatthehellisansky - Nov 7, 2012 at 4:17 PM

        A dangerous game? This man has done it all. And hes done it all for one team.

        He would simply retire before he moved on to another team. Its not like he needs the money.

        Sure call me an ignorant Yankee fan – but if you can close your eyes and imagine enter sandman playing and Mo running in from the bullpen in a Washington Nationals uniform, then your probably drunker than Diane Sawyer was last nite.

    • protius - Nov 7, 2012 at 6:12 PM

      If his agent calls Boston, then let him go there.

  3. gibbskins9 - Nov 7, 2012 at 5:56 PM

    Yankees play hardball with Mo & Jeter and give A rod what he wants. George we miss you

    • churchoftheperpetuallyoutraged - Nov 7, 2012 at 7:34 PM

      Yeah, 3/$51M for Jeter with a player option for a 4th is a really bad deal for Jeter. Looks like someone has been partaking in the CO/WA celebrations a bit too early…

  4. cackalackyank - Nov 7, 2012 at 6:15 PM

    I have to kinda say I think this is a non story. Since Mo has always been a Yankee (and as far as I know Scott Boras is not his agent) I would think that would pretty much be a given during the “I decided I am going to play in 2013″ conversation. …and I think the fact that he announced he was coming back BEFORE Soriano opted out and not after, shows this is not purely a money thing, and that he has respect for the only organization he has pitched for in the bigs. I am guessing the 13.3 million qualifying offer that Soriano is going to refuse, will be about the same as the amount on Mo’s contract when all is said and done.

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