Rodriguez Will Continue To Receive Deferred Salary From Texas Rangers Until 2025
Published on February 5th, 2023 5:08 pm ESTWritten By: Dave Manuel
Say what you want about Alex Rodriguez, but the man absolutely maximized the money that he made over the course of his Major League Baseball career.
In 2000, A-Rod signed a massive 10-year, $252 million deal with the Texas Rangers.
A-Rod is still receiving money from this deal to this day, and will continue to receive checks from the Texas Rangers until 2025.
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In 2010, ten years after signing Alex Rodriguez to that mammoth deal, the Texas Rangers declared bankruptcy.
In 2010, Rodriguez was long gone, having been traded to the New York Yankees six years earlier.
The Rangers, however, still owed A-Rod $26 million in deferred salary when they went belly-up in 2010.
An agreement was made with A-Rod when the Rangers came out of bankruptcy with their new owner - A-Rod's deferred money would be placed into an investment account, with 2% interest being paid every year.
From 2016 to 2025, payments would be made to A-Rod out of this investment account, until the outstanding balance was completely satisfied.
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Now, this isn't quite on the level of the Bobby Bonilla deal with the New York Mets, though it's definitely humorous that A-Rod is still collecting checks from the Texas Rangers organization, nearly 20 years after he was traded to the New York Yankees.
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In total, Alex Rodriguez received just around $430 million over the course of his playing career, plus he is set to receive a few million more from the Rangers over the next couple of years.
By the time that Rodriguez is fully paid off by the Texas Rangers, he will be 50 years old.