Baseball Guru
11-20-2001, 06:19 PM
By Associated Press
November 20, 2001, 3:21 AM EST
MINNEAPOLIS -- Six weeks after saying he wanted to stay with the Minnesota Twins, Rick Reed filed a formal trade demand.
Reed, acquired by the Twins in July from the New York Mets, has the right to demand a trade because he is a veteran player dealt during a multiyear contract.
If Minnesota doesn't trade Reed by March 15, he could elect to become a free agent. But he would lose guaranteed salaries of $7 million in 2002 and $8 million in 2003, the final seasons of a $21.75 million, three-year contract. That deal also has an $8 million club option for 2004 that would become guaranteed if Reed has either 585 innings pitched from 2001 to 2003 or 400 innings in 2002 and 2003.
Reed was acquired July 30 from the New York Mets in exchange for Matt Lawton. He was 8-6 with a 3.48 ERA with the Mets in 20 starts but just 4-6 with a 5.15 ERA in 12 starts with the Twins.
Baseball commissioner Bud Selig has said baseball will cut two teams next season, believed to be the small market Twins and Montreal Expos. Twins president Jerry Bell said the 2002 payroll has not been set because of the uncertainty about the organization's future.
Trade demands must be filed in the 15 days following the World Series.
November 20, 2001, 3:21 AM EST
MINNEAPOLIS -- Six weeks after saying he wanted to stay with the Minnesota Twins, Rick Reed filed a formal trade demand.
Reed, acquired by the Twins in July from the New York Mets, has the right to demand a trade because he is a veteran player dealt during a multiyear contract.
If Minnesota doesn't trade Reed by March 15, he could elect to become a free agent. But he would lose guaranteed salaries of $7 million in 2002 and $8 million in 2003, the final seasons of a $21.75 million, three-year contract. That deal also has an $8 million club option for 2004 that would become guaranteed if Reed has either 585 innings pitched from 2001 to 2003 or 400 innings in 2002 and 2003.
Reed was acquired July 30 from the New York Mets in exchange for Matt Lawton. He was 8-6 with a 3.48 ERA with the Mets in 20 starts but just 4-6 with a 5.15 ERA in 12 starts with the Twins.
Baseball commissioner Bud Selig has said baseball will cut two teams next season, believed to be the small market Twins and Montreal Expos. Twins president Jerry Bell said the 2002 payroll has not been set because of the uncertainty about the organization's future.
Trade demands must be filed in the 15 days following the World Series.