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The cash-strapped Los Angeles Dodgers must pay Manny Ramirez $8.33 million by June 30, a source said on Monday.
The polarizing slugger is due the deferred money from the $42 million contract he signed with Los Angeles before the 2009 season. The Dodgers traded him to the White Sox last year but still owe him an additional $8.33 million in 2012 and $8.33 million in 2013. Ramirez retired in April after failing his second drug test in three seasons.
Dodgers owner Frank McCourt had to draw advances against the team's corporate sponsorship deals to meet his June 1 payroll obligations. Last week, USA Today reported that McCourt had the funds to meet payroll on June 15. The Dodgers, through a spokesman, declined to comment on the money owed to Ramirez.
In April, Major League Baseball appointed Tom Schieffer to oversee Dodgers operations and to investigate the financial health of the club. McCourt and his ex-wife Jamie still have not resolved their contentious battle over the division of their assets. They will be back in front of a judge to continue settlement talks Monday afternoon.
At a hearing scheduled for June 22, McCourt is expected to ask a judge to approve the club's multibillion dollar television extension with Fox that would inject much needed cash into the organization. MLB commissioner Bud Selig has declined to approve the Fox deal until the league completes its investigation into McCourt's alleged fiscal mismanagement of the organization.
Source: AP
The polarizing slugger is due the deferred money from the $42 million contract he signed with Los Angeles before the 2009 season. The Dodgers traded him to the White Sox last year but still owe him an additional $8.33 million in 2012 and $8.33 million in 2013. Ramirez retired in April after failing his second drug test in three seasons.
Dodgers owner Frank McCourt had to draw advances against the team's corporate sponsorship deals to meet his June 1 payroll obligations. Last week, USA Today reported that McCourt had the funds to meet payroll on June 15. The Dodgers, through a spokesman, declined to comment on the money owed to Ramirez.
In April, Major League Baseball appointed Tom Schieffer to oversee Dodgers operations and to investigate the financial health of the club. McCourt and his ex-wife Jamie still have not resolved their contentious battle over the division of their assets. They will be back in front of a judge to continue settlement talks Monday afternoon.
At a hearing scheduled for June 22, McCourt is expected to ask a judge to approve the club's multibillion dollar television extension with Fox that would inject much needed cash into the organization. MLB commissioner Bud Selig has declined to approve the Fox deal until the league completes its investigation into McCourt's alleged fiscal mismanagement of the organization.
Source: AP