Thursday, May 04, 2006

Texas places John Olerud on waivers

All of Doug's deals left him with one player over the 40 player max. To remedy that, he has placed John Olerud on waivers.

The last place team in the AL has the first option of signing him then second last and so forth. If no one signs him he goes back into the free agent pool for next year. Doug however still must pay his full salary for this year and half his salary for next year unless he's picked up on waivers. If Olerud is picked up then Doug pays 3/4 of this year's salary and the new owner pays the remaining 1/4. The new owner would also be responsible for Olerud's next year contract.

Olerud is on the second year of a $15 a year, three year deal.

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