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November 15, 2007 (cbatraderumors.com)
Subject: Louisville Contract Extensions
The Louisville Colonels announced the completion of contract extensions for three of their young stars today. These new four-year contracts, effective next season, will buy out the arbitration years of these players in return for a larger 2008 salary.
The Colonels announced that RF Eduardo Sanchez agreed to a four-year contract worth $11.5 million, CF Pedro Dominguez signed for four years at $11.2 million, and SS Cristo Rodriguez received a four-year contract worth $5.5 million. Our arbitration analyst calculated the potential 2009 savings for the club at nearly $10 million, but the team will spend an extra $3.5 million in 2008 to realize the future benefit.
Fan reaction to the announcement in Louisville was amazing. The fans are more excited about locking up three key starters than how much money the team saved.
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