Nady signs with the Cubs
January 26, 2010, 1:00 pm by iYankees · 5 Comments
According to Yahoo! Sports’ Tim Brown, the Chicago Cubs have signed former Yankee, Xavier Nady, to a one-year deal. He will likely serve as outfield insurance but will also be a platoon candidate, spelling Kosuke Fukudome against left-handers. No word yet on the contract’s financial details, which will be of some interest to Yankee fans.
How does this affect the Yankees’ pursuit of a right-handed bat? Well, the Yankees really wanted Nady, however, he priced himself out of the team’s budget (which is why we’re waiting for his salary). The good news is that with Nady on board, the Cubbies won’t be signing Reed Johnson, making him a bigger target for Brian Cashman to pursue.
DETAILS ON NADY’S SALARY (1:57) – Jon Heyman says the deal is for $3.3M, but there are an additional $2M in incentives that could be obtained based on games played. If that’s the case, I can see why the Yankees chose to avoid Nady as he could cost over $5M. However, if Nady gets $3.3M guaranteed, there is no way Damon will settle for $2M from the Yankees, especially since Nady and Damon share the same agent in Scott Boras. The Yankees would have to offer at least $5M, plus incentives, in order to keep Damon around.
