January 16, 2004
16 JAN 2004: Signed reliever FRANCISCO CORDERO to a one-year contract for $2 million, thus avoiding arbitration. Announced that pitcher TRAVIS HUGHES and OF JASON JONES had cleared waivers and were outrighted to AAA. Released RP REYNALDO GARCIA, who was then claimed by Boston.
Cordero obtains a 122% raise over his 2003 salary of $900,000. GM John Hart despises arbitration and avoids it whenever possible. Cordero's salary seems pretty close to what he'd get in arbitration, so Hart basically bought the team some cost certainty. Cordero has a 2.55 ERA during 2002-2003 and should earn his new and improved salary. Jones wasn't totally overmatched as a 26-year-old rookie but didn't hit well enough to solidify his status as a fourth or even a fifth outfielder. He still has a chance to carve out such a career, but he needs to hurry. The 29-year-old Garcia pitched poorly in the Majors, and Texas aparrently wants to spread the AAA innings to other players. Texas already had removed him from the 40-man roster.
Posted by Lucas at January 16, 2004 11:53 AM