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

Share This

This is an archival story that predates current editorial management.

This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.


Saving a Few Pennies

Before you
Dear reader, we're asking you to help us keep local news available for all. Your financial support keeps our stories free to read, instead of hidden behind paywalls. We believe when reliable local reporting is widely available, the entire community benefits. Thank you for investing in your neighborhood.

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.