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September 29, 2004
Transaction
Agreed to a two-year contract extension with reliever RON MAHAY for two years and $1.7 million, plus a $150,000 signing bonus.
Only a few years ago, Texas was handing out $3 million annually to guys like Todd Van Poppel, Jay Powell, and Mark Petkovsek. Mahay had pitched well sporadically but bottmoed out in 2002 with an 8.59 ERA in limited action with the Cubs. Given a chance in the Rangers bedraggled pen in 2003, he responded with a 3.18 ERA and allowed opposing batters a tiny .612 OPS. Mahay has pitched just slightly worse this year compared to 2003 despite a lower ERA: a few more batters have reached base, a few more inherited runners have scored. While I think this new contract represents the maximum I'd want to pay him, it's reasonable, and if he suddenly forgets how to pitch his salary won't clog the payroll.
Posted by Lucas at September 29, 2004 03:47 PM