Support for LAist comes from
We Explain L.A.
Stay Connected

Share This


Saving a Few Pennies

LAist relies on your reader support.
Your tax-deductible gift today powers our reporters and keeps us independent. We rely on you, our reader, not paywalls to stay funded because we believe important news and information should be freely accessible to all.

The Dodgers made a hell of a deal yesterday, signing Brad Penny to a contract extension worth $8 million a season for 3, possibly 4 more years. Penny has slowly been getting better this season as he gets over his bizarre nerve injury. While that injury cost the team a year ago, now it is actually helpful. Without it, Penny might have been able to command much more money. Had the Dodgers let Penny become a free agent, he would have been ridiculously expensive, probably seeking more than $10 million a season for at least 5 years.

But Penny wanted to sign now. And so DePodesta got Penny locked up at time when his value would never be lower. He bought low. That's good financial planning.