Al Leiter -- DFA

[Transmogrifier]

How is this possible? The Yanks sent no talent? Is that legal?

The Yankees will be responsible for about $400,000 of the $2.8 million remaining on Leiter's 2005 salary, general manager Brian Cashman said Saturday. There were no other players involved in the deal.

The Yanks aren't really even picking up the tab. Are there different rules for DFAs? Isn't some exchange of talent needed?

Anyone know the rules?

from http://espn.go.com/mlb/s/1999/0908/46397.html


Player To Be Named Later
Quite often, you'll read that a player has been traded to another team for "a player to be named later."

There are two restrictions at work here. First, the transaction must be completed within six months. And second, the player named later can't have played in the same league as the team he's being traded to. That's why the player named later is almost always a minor leaguer.

And what if the teams can't agree on who that player will be? This happens rarely, but if no names are agreed upon initially, the clubs will agree on a price to paid in lieu of a player.

Sometimes, at the time of the deal the team receiving the player will provide the other club a list of minor leaguers, and later the club will have their pick of the players on that list. This list is negotiated at the time of the trade. In recent years, the Minnesota Twins lost Enrique Wilson this way. When it came time for Cleveland to make their choice, the Twins did what they could to "hide" Wilson, but the Indians found him anyway.

Finally, sometimes "Player to be named later" is used to trade players on the Disabled List, since it can be embarrassing for a club to trade for a guy who's on the DL.

Man... I know what a player to be named later is. Geez.

But there is no mention of a PTBNL in the story. And rotoworld says the Yanks "bought" Leiter.

[Transmogrifier]

If I was Trans, I would just be happy that Leiter was on the Yankees and is gonna pitch against his team.

OH, I am, don't worry.

And, Lo, it's "If I were Trans..." (Call it a downpayment for RM.)

[Amazinz]

How is this possible? The Yanks sent no talent? Is that legal?

The Yankees will be responsible for about $400,000 of the $2.8 million remaining on Leiter's 2005 salary, general manager Brian Cashman said Saturday. There were no other players involved in the deal.

The Yanks aren't really even picking up the tab. Are there different rules for DFAs? Isn't some exchange of talent needed?

Anyone know the rules?

Trans I don't think there is any rule against a player being traded straight up for cash or sold outright. The commissioner can veto the trade if he feels it is not in the best interest of the league but Leiter was on waivers anyway.

[Transmogrifier]

Well, the mlb.com story says there was a PTBNL, so maybe ESPN was just wrong.

[mamorris]

How is this possible? The Yanks sent no talent? Is that legal?

The Yankees will be responsible for about $400,000 of the $2.8 million remaining on Leiter's 2005 salary, general manager Brian Cashman said Saturday. There were no other players involved in the deal.

The Yanks aren't really even picking up the tab. Are there different rules for DFAs? Isn't some exchange of talent needed?

Anyone know the rules?

I don't actually know if there's a rule or not, but think about it: if the league made teams exchange players, the Yankees would just throw in some 27-year-old organisational solider in Double A with no hope of making the majors. What would be the point of that? The only change is one minor leaguer is inconvenienced because he has to move house etc., but nobody benefits from having a rule like that in place. The commissioner's approval is required for any trades where more than $1 million exchanges hands (or maybe slightly more, I can't remember exactly), so there's no real danger of "buying" players who will have any significant impact.

[thehat]

Anybody can be bought or sold. I believe there's a ceiling of $1 million on these straight sales.

[Transmogrifier]

Anybody can be bought or sold. I believe there's a ceiling of $1 million on these straight sales.

Well, this would be above that ceiling, with the Marlins paying all but 400k of his contract. Anyway, there's a PTBNL.

[blankman]

Anybody can be bought or sold. I believe there's a ceiling of $1 million on these straight sales.

Well, this would be above that ceiling, with the Marlins paying all but 400k of his contract. Anyway, there's a PTBNL.

Newspaper today said there is no PTBNL.

"Officially its a player to be named later or cash considerations. But there is no player to be named later." The Yankees will send $1 to the Marlins.

The Marlins will pay $2.4 million of the $2.8 million left on the contract.

In all cases when there is over $1 million changing hands it must be approved by the commissioner and this deal was.

-In other words, the Yankees are nearly being paid to take him.

[blankman]

Looks like he's still got something left in the tank.

6.1 IP 3 H 1 ER 3 BB 8 K's in 102 pitches against Boston.

[socceryank]

A move to NY might be the spark he needed to get on track. Let's face it, pitching in FL is not the same as pitching for the Yanks. Leiter is the type of guy that can thrive on the pressure in NY.

Now before all you guys jump on me for being somewhat optimistic after just one outing, I do believe he will come back to earth over the next few starts, but I don't think you can totally write him off yet.