Results tagged ‘ Terry Collins ’

Castillo Agrees to Minor League Deal

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Luis Castillo has agreed to a Minor League contract with the Phillies, although it is not finalized, a source said tonight.

The Mets released Castillo on Friday and the Phillies immediately expressed interest. Castillo cleared waivers this afternoon.

Interesting move.

The Minor League contract certainly suggests the Phillies are not prepared to just hand a Castillo a job. He will have to earn one, although there is not much time. Just 12 days remain before Opening Day.

If the Phillies had offered Castillo a Major League contract they would be on the hook for $414,000 of his $6 million salary, regardless of his ability to play. The Minor League deal guarantees Castillo even less money, which means if the Phillies feel Castillo cannot play they can let him go at little cost. Of course, if they decide he can help and place him on the 25-man roster they would have to pay him $414,000.

But repeat: If he cannot play the Phillies are on the hook for less than $414,000. How much less? I’m not sure, but it’s a low-risk, high-reward move the Phillies like to make. If he can play, bonus. If he can’t, buy-bye.

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