Early in this past season for baseball free agents, I noted that J.D. Drew appeared to make a savvy move by opting out of a player option with the Dodgers that would have guaranteed him $33 million over the next three seasons. It appeared that I was right about a month ago when uber-agent, Scott Boras, engineered a $70 million deal for Drew with the Red Sox over five years. Nothing like picking up a cool $37 million by simply opting out of an option.
However, it’s been over 40 days since the announcement of the Drew-Red Sox deal and Drew still has not signed a contract. As this Murray Chass/NY Times article notes, there are rumors that Drew’s recent shoulder injury may have been more serious than the Red Sox thought before examining Drew physically. If so, then it’s highly doubtful that the BoSox will commit anything close to $70 million smackeroos to Drew over five years.
If Drew’s deal with the Red Sox goes awry, I wonder whether Boras will pick up the difference between the $33 million that Drew left on the table from the Dodgers and the possibly lesser amount that a tarnished Drew can draw on the rebound in even a superheated free agent market?
Daily Archives: January 11, 2007
Acrobatic lawyers
In my practice, I am continually amazed at how most lawyers underuse Adobe Acrobat’s features despite the fact that pdf files have become the standard file form for legal briefs and pleadings. Such basic and simple-to-use Adobe features as bookmarking and linking greatly facilitate the review of large documents, but rarely do lawyers include these features in their papers. I bookmark and link all my large briefs and pleadings, and many judges — most of whom review briefs and pleadings on a computer these days — have commented to me on how much they enjoy using those features in reviewing voluminous documents.
Ed Poll realizes the same thing that I do. So, he interviews Rick Borstein, Business Development Manager for the Legal Community for Abobe Systems, Inc. in this podcast in which Borstein discusses the new features in the latest version of Adobe Acrobat that are of special interest to lawyers. It’s 20 minutes of listening that will be well worth your time.
Big money golf
Don’t miss this fascinating Ron Sirak/Golf Digest article on the top 50 money-generating golfers. Julius Boros ushered in play-for-logo deals for professional golfers back in the early 1960’s when he donned an Amana hat for $50 a week. I think it’s safe to say that no one in their wildest dreams imagined at that time that a 17-year old female golfer (Michelle Wie) would be pulling in almost $20 million in off-course income in a single year. Imagine what she could pull down if she actually won a tournament or two.
Several other interesting tidbits:
Wie made $2 million more in off-course income than Jack Nicklaus.
Someone still paid David Duval over $4 million in off-course income?
Chad Campbell is the highest-ranking Texan at 19 with over $6.6 million in total income, but The Woodlands’ K.J. Choi is gaining on him (25th at $5.7 million).
A caddie for a mid-range player in the top-50 money-earning list, who won at least once on the PGA Tour in 2006, had gross earnings of around $260,000.
This year, everyone on the PGA Tour will get a courtesy car at every tournament.