Dodgers Rework Andruw Jones Deal

SATURDAY, 11:23am: Buster Olney’s sources tell him that Jones will receive the $15MM he’s owed in 2009 over the next six seasons, without interest. Apparently the Dodgers are likely to call the Braves, Reds and Mets about potential trades. One source familiar with the discussions said it’s virtually certain that the Mets won’t be interested.

11:55pm: Bill Shaikin of the L.A. Times says the deal cuts Jones’ 2009 salary to about $5MM.  The Dodgers agreed to trade or release him; interested teams may prefer to wait for the latter.  Shaikin says the Jones restructuring is independent of the Manny Ramirez situation.

7:51pm: Ken Gurnick of MLB.com reports that the Major League Players Association has approved the contract agreement, which will defer Jones’ remaining salary.  According to an industry source, Jones will either be traded or released before the start of spring training and perhaps sometime this month.

FRIDAY, 2:38pm: SI.com’s Jon Heyman says the Dodgers and Jones have agreed to rework his contract to save the team $12MM in ’09.  Jones is likely to play for another team in the coming season.

THURSDAY, 9:55pm: As pointed out in the comments section below, Andruw’s ’09 salary could be deferred across several years and would thus gain interest, resulting in a higher total payout.  That could work for both sides.  A blog called Fantasy Sports Experience recalls a similar situation with the Mets and Bobby Bonilla in 2000.

9:40pm: Ken Gurnick of MLB.com has confirmed that Jones’ contract is being reworked.  It could be an extension or a deferred buyout. 

9:00pm: I just spoke with Simers, who tells me that the Dodgers "would do the deal with Scott Boras."  Jones’ 2009 salary "would be reduced to make him attractive" to possible suitors in a trade.  And the agreement would essentially free up money on the Dodgers’ side that would head directly towards Ramirez, another Boras client.  But it’s still unclear why Jones would want to take the paycut.  Is Boras going to pay the man out of his own pocket?  This kind of dealing is unheard of in the sports world, but you can never doubt the almighty Scott Boras.

8:38pm: T.J. Simers of the L.A. Times has heard that the Dodgers are working on a deal to unload outfielder Andruw Jones.

Simers claims that the deal would save the team $12MM and "send the guy, who couldn’t hit a thing, seeking employment elsewhere."  Jones is in the final year of a two-year contract and is set to make around $15MM in ’09.  He’s not just going to forfeit that money, so it’s not exactly clear what kind of a "deal" the article is speaking of.  A trade?  Buyouts don’t typically happen in baseball.  Nonetheless, Simers is onto something and it appears the Dodgers are readying the cash to make an offer to Manny Ramirez.