January 18th, 2009


Sunk Costs...

It's snowing again. At least the temperature is back up in the twenties.

Sunk costs: costs that cannot be recovered once they have been incurred.

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Speaking of sunk cost, the Dodgers released Andruw Jones last week, despite still owing him $22M. I have never seen a player fall off a cliff as badly as Andruw did last year. Most of the pitchers had better years with the bat than Andruw did. It is really bad when you tell a guy that, yeah, we still owe you a dumptruck full of money, but you have so little value as a ballplayer that we don't even want you on the bench.