Yankees exercise Abreu option for $16 million - MLB

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Abreu Options In
Published 11/2/2007 by Mantlemurcer at My Pinstripes
ESPN is reporting that the Yankees have exercised Bobby Abreu's option for 2008. Since there was a $2 million buy out attached, the deal will actually cost the Yankees $14 million.Source

Report: A-Rod to Yankees: $350 mil or bust
Published 11/2/2007 by Tony Gicas at Bronx Liaison
... On the other hand, Bobby Abreu will remain a Yankee for at least one more year, barring a trade of some sort, as the Yankees reportedly picked up his option today for the 2008 season. This is a no-brainer. A Miguel Cabrera deal would have made things interesting, but New York cannot be dumb enough to part with Phil Hughes or Joba Chamberlain for anything less than Johan Santana. Plus, Cabrera's a free agent in two years. ...

Yankees Exercise Abreu's Option For '08
Published 11/2/2007 by Tim Dierkes at MLB Rumors - MLBTradeRumors.com
... As expected, the Yankees have exercised Bobby Abreu's $16MM option for 2008.  While it's a little pricey, the cost certainty and one-year commitment made it an easy decision. ...

Abreu's Back, A-Rod's Certifiable
Published 11/2/2007 by Brian at Depressed Fan
As expected, the Yankees exercised their $16M option and retained Bobby Abreu's option for 2008. Good move, and one we all saw coming.In other news, Alex Rodriguez is apparently seeking a $350 million contract. I'm sorry, that should read a contract of AT LEAST $350 million.No wonder Scott Boras is practically begging the Yankees to join the bidding. No one in the league can afford to pay A-Rod that much and put even a AAA roster on the field around him but the Yankees. He may get the money, but he's going to get it to play for a bad team with zero ...

Is Bobby Abreu worth $16MM in 2008?
Published 11/3/2007 by Nick the Greek at Home Run Derby
The Yankees have taken their stand with A-Rod.  No way they will deal with him now that he has opted out of his contract, costing the Yanks their $21MM subsidy from the Texas Rangers. Yesterday, however, the Yankees picked up the 2008 contract option on Bobby Abreu at the low, low price of $16MM .  This, of course, begs the question.  If Bobby Abreu is worth $16MM/season to the Yankees, is $30MM/season for A-Rod unreasonable?  I say no.  Take a look at the numbers. Player AVG HR RBI SLG OPS  The data clearly shows, as most would expect, that A-Rod has a much better season than ...