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March 03, 2005
Contracts
Texas signed pitcher RYAN DRESE to a two-year contract with an option for 2007. Texas renewed the contract of OF LAYNCE NIX for the league minimum.
Drese's contract:
Signing bonus: $300,000
2005: $700,000
2006: $1,750,000
2007: Team option at $3,000,000 or $50,000 buyout.
Plus $500,000 in incentives
I'm a bit skeptical that Drese can repeat last year's success, but this is a reasonable contract. In a worst-case scenario with Drese flopping or getting hurt, Texas is on the hook for only $2,800,000.
As with last year, Nix refused the Rangers' token raise and was renewed at the league minimum. He'll get a $16,000 raise thanks to the CBA.
Posted by Lucas at March 3, 2005 12:16 PM