The baseball world had quite a jolt Wednesday evening when the Detroit Tigers elected to trade slugger Prince Fielder to the Texas Rangers in exchange for infielder Ian Kinsler.
It was about as basic a deal as one could conceive – a straight up trade involving two players. At least, that’s how it seemed at first. But according to Jeff Passan, the Detroit Tigers also sent $30 million dollars along with Prince to the Rangers in exchange for Kinsler.
Final deal: Detroit trades Prince Fielder + $30M to Texas for Ian Kinsler. TEX gets Prince for 7/$138M, DET gets Kinsler for 4/$62M + $30M.
As Passan points out, Fielder is making an absurd amount of money. The first baseman signed a nine-year, $214 million dollar deal prior to the 2012 season and still has $168 million left on the books. Of course, that drops down to a more respectable $138 with the addition of the $30 million provided by the Tigers, but still – that’s far from a bargain.