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Article: Orioles, Palmeiro Reach Deal; Jubilant Oates Already Has First Baseman `Hitting Third'
- Article from:
- The Washington Post
- Article date:
- December 13, 1993
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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The Baltimore Orioles last night officially reached a contract
agreement with free agent first baseman Rafael Palmeiro, ending
several days of haggling over the final details of a transaction that
may have turned the team into a legitimate World Series contender for
next season.
Details were not announced, but sources said the five-year
contract will pay the 29-year-old Palmeiro $30 million. About $7.5
million of that apparently will be in the form of deferred
compensation, however, and Orioles officials said privately they
consider the practical value of the deal - after adjusting for
inflation - to be between $27 million and $28 million.
The Orioles have scheduled a 2 p.m. news conference ...