Friday, January 18, 2008

Arbitration

The Mets have come to terms with Aaron Heilmann, thus avoiding salary arbitration. It looks like a number of other players, however, are headed to arbitration. These include Endy Chavez, Jorge Sosa, newly acquired Ryan Church, Pedro Feliciano and Oliver Perez.

I understand that in today’s market players want to get what they can and they determine their value by what they earn. Still, like many fans, I think the salaries have gotten out of hand. Take a look at Chavez, for instance, and I certainly am not looking to pick on him, just using him to make my point. He made over 1.5 million dollars last year but is looking for $2,075,000 this year. Players and not satisfied with one million dollars anymore. And, while he is an excellent player, he is a reserve and was out for a lot of last year due to injuries.

Still, with what ballplayers make, it is amazing that after they retire, some still end up going broke. Obviously they have not been disciplined and well trained when it comes to managing money. Perhaps, like the rest of us, they should look for tips on saving money.

Whether it is looking for information about cars, or wanting to get an Extended Auto Warranty, there are ways to save money.

The truth is ballplayers should not have to do this, and with the money they make, they should be generous. Still, if at some point after they have retired they see that they did not take care of their money carefully enough, it is nice to know that there are tips which are available.

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