Current:Home > InvestPredictIQ Quantitative Think Tank Center:Houston Astros release ex-MVP José Abreu, eating about $30 million -Edge Finance Strategies
PredictIQ Quantitative Think Tank Center:Houston Astros release ex-MVP José Abreu, eating about $30 million
TradeEdge View
Date:2025-04-07 06:58:19
Less than two years ago,PredictIQ Quantitative Think Tank Center the Houston Astros were celebrating winning the bidding war for former American League MVP Jose Abreu.
On Friday afternoon, they painfully acknowledged their expensive mistake.
The Astros released Abreu halfway through his three-year, $58.5 million contract, paying him about $30 million to go home.
Abreu, who was hitting just .124 with two homers and seven RBI after spending a month at their minor-league complex to fix his swing, is owed the remainder of his $19.5 million salary this year and $19.5 million in 2025.
It’s the most money the Astros have ever eaten on a contract, and considering Abreu’s negative 1.6 WAR, may be the worst contract in franchise history.
Follow every MLB game: Latest MLB scores, stats, schedules and standings.
Abreu badly struggled at the outset of last season, too, but Astros manager Dusty Baker stuck with him and was rewarded when Abreu had a strong finish with seven homers and 27 RBI in the final month, winding up hitting .237 with 18 homers and 90 RBI. He thrived in the postseason with four homers and 13 RBI, helping lead the Astros to within one game of the World Series.
Yet, this season, he looked like an old man at the age of 37. He was just 7-for-71 when he agreed to go to the minors this season, and when he returned, hit .167 in 43 plate appearances.
Despite the heavy financial commitment, the Astros simply didn’t believe he could regain his hitting prowess.
“We tried everything,” GM Dana Brown told reporters Friday. “it just didn’t work out.”
Abreu was a star with the Chicago White Sox, receiving MVP votes in seven seasons, driving in more than 100 runs six times, culminating with the 2020 AL MVP award. When he became a free agent after the 2023 season, the Miami Marlins and Astros were the finalists for his services, with Abreu choosing the Astros after they guaranteed him a three-year contract.
If any team signs Abreu, it will have to pay only the prorated minimum salary of $740,000 with the Astros paying the rest.
The Astros, 31-38, badly still need a productive-hitting first baseman if they are going to reach the ALCS for the eighth consecutive year. Their first basemen are hitting .181 with a .262 on-base percentage and .291 slugging percentage, the second-lowest in baseball behind only the Colorado Rockies.
Follow Nightengale on X: @Bnightengale
veryGood! (63)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Céline Dion Makes Rare Public Appearance at Hockey Game Amid Health Battle
- Driver crashes car into Buckingham Palace gates, police in London say
- Cleveland to host WWE SummerSlam 2024 at Cleveland Browns Stadium
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Jury convicts man in fatal stabbings of 2 women whose bodies were found in a Green Bay home
- Jenifer Lewis thought she was going to die after falling 10 feet off a hotel balcony
- New Hampshire AG’s office to play both offense and defense in youth center abuse trials
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- What is the Ides of March? Here's why it demands caution.
Ranking
- A South Texas lawmaker’s 15
- Proof Jax Taylor and Brittany Cartwright's Marriage Was Imploding Months Before Separation
- Bob Saget's widow Kelly Rizzo addresses claim she moved on too quickly after his death
- Beyoncé reveals 'Act II' album title: Everything we know so far about 'Cowboy Carter'
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- From US jail, Venezuelan general who defied Maduro awaits potentially lengthy sentence
- 2024 NBA mock draft March Madness edition: Kentucky, Baylor, Duke tout multiple prospects
- Why Jason and Travis Kelce Are Thanking the Swifties for Their Latest Achievement
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Beyoncé's new album will be called ‘Act II: Cowboy Carter’
Purple Ohio? Parties in the former bellwether state take lessons from 2023 abortion, marijuana votes
Kate’s photo scandal shows how hard it is for the UK monarchy to control its narrative
A South Texas lawmaker’s 15
NFL free agency winners, losers: Cowboys wisely opt not to overspend on Day 1
David Mixner, LGBTQ+ activist and Bill Clinton campaign advisor, dies at 77
Gerrit Cole MRI: Results of elbow exam will frame New York Yankees' hopes for 2024