From the Daily News -
Jason Giambi’s admission to USA Today that he once used steroids could lead to the Yankees taking another shot at voiding his contract.
According to baseball sources familiar with the situation who requested anonymity because of the sensitivity of the matter, the Yankees will revisit the possibility of terminating Giambi’s deal if it is determined that he used illegal drugs after they signed him to a seven-year, $120 million contract in 2001.
The commissioner’s office is investigating Giambi’s comments to the newspaper and will summon him to a meeting to discuss them. What he says in that meeting – or doesn’t say – may go a long way toward determining how the Yankees proceed.
Good luck with this one.
The Yankees owe Giambi another $26 million after this year. With basically one year left on his contract, after this season, it makes more sense to try and reach a settlement with him.
Offer him $13 million, with the promise of not trying to take him to court to void his deal, in exchange for immediate free agency after this year. Or, ask him to waive his no trade clause – and then send him back to Oakland with $13 million in cash for a bag of batting practice balls – in exchange for the promise not to try to void his deal.
But, if you just try and void the deal, the MLBPA will fight it to the end. And, it’s a fight that the Yankees would be lucky to win.