Angels release Ryan Madson

[EDinTUSTIN]

You guys realize it was a cheap one year contract right?

 

He was hardly a colossal waste.  It was a risk that didn't pan out.

3.5 million dollars to have someone model a uniform on contract signing day is cheap?

[EDinTUSTIN]

It should be about tomorrow when his agent goes out trolling for his next GM dupe.

[EDinTUSTIN]

Like most of their FA signings

LMAO  The best post in this thread!

[TooCool]

I could have sworn they said he would be ready by the time the season started and that he might miss a month at the most. Look how that turned out. Unreal.

[Vegas Halo Fan]

I wish I could make $3.5 million to pretend to play for the Halos

 

Now that there is apparently an open spot for that, I'm sending Dipoto my address.

[disarcina]

_{Well, some us (like yours truly) said he wasn't going to close for the Halos this year and likely wouldn't be with the team until mid-season, if then...........}

 

_{this signing was a bust from day one.}

 

_{wonder if insurance paid his entire contract this year.........}

[Lifetime]

Meh. He took a flyer on Matson, it didn't work out.  In the meantime most of his contract was paid via insurance. Now they cut bait. All the foot stomping is silly . 

[mp170.6]

I don't have a problem taking a chance on Madson.  It's the ridiculous $3.5 million price tag...

[bloodbrother]

The Blanton contract is still Dipoto's greatest failure. That or the Hamilton signing

[Lifetime]

Who cares? It has zero impact and again, extended DL trips are paid via insurance so it's even less an issue. 

[Tyler]

You're right, it did have zero impact.

[yk9001]

Any proof of insurance?

What company is insuring an arm like that? Id like to meet their risk manager.

Anybody have proof of this insurance, or is it message board bloviating?

[Lifetime]

All teams carry insurance on their player contracts. The Angels are still self insured I believe. 

[Homebrewer]

"Self Insured"
Meaning Arte pays the check no matter what.

[yk9001]

All teams carry insurance on their player contracts. The Angels are still self insured I believe.

Wtf?

In one post you say don't worry about the Madson contract. That insurance pays for it.

In another post you say the angels self insure.

I don't think you know what self insure means. And it looks like you have no clue what Madsons contract status is.

Another Lifetime special.

[Stradling]

So, self insuring a contract is basically like not having insurance, right?

[fan_since79]

In before ten tiresome pages.

[yk9001]

In the meantime most of his contract was paid via insurance.

Then you say the angels self insure.

Pure lifetime genius.

[yk9001]

In before ten tiresome pages.

No he does 10 pages when he has a third of a clue. Regarding contract insurance, he has zero clue.

So he'll keep it to five or six pages.

[Ohtaniland]

Madson must have Aflac.

[m0nkey]

I like the yk/lt discussions. Those are great reads

[fan_since79]

I like the yk/lt discussions. Those are great reads

I hope you have a couple more hours to spare.

[mtangelsfan]

Regardless this was a big waste of time, resources and money.

 

One reason the moneyball risk/reward model bugs me.

[mp170.6]

I can't imagine a real insurance company wanting anything to do with the Angels as a customer. 

[Lifetime]

Teams and companies set up separate accounts to mitigate payroll costs (or in the case of other types of business-other risks) should a player go on the DL for extended periods of time. They follow the same insurance principles when funding that account to cover potential risks. This is a separate account and budget from payroll. Maybe it's you who doesn't know what self insure means.