Vernon Wells Trade Does Not Involve Money, Angels GM Tony Reagins Confirms

Turns out no money changed hands in the Vernon Wells trade on Friday. After Sports Illustrated’s Jon Heyman tweeted that the Toronto Blue Jays would be sending $5 million to the Los Angeles Angels in the trade, Both Angels’ general manager Tony Reagins and Blue Jays’ general manager Alex Anthopoulos confirmed no money would be changing hands in the deal. The Angels will now be on the hook for all $86 million remaining on Wells’ contract.

With no money moving around in the trade, the Blue Jays get away almost completely free, dumping a huge contract off on the Angels while getting two players that may be useful at a low price back — Juan Rivera and Mike Napoli. Combined, Napolia and Rivera will cost the Blue Jays about 11 million. Compare that to Wells’ 2010 cost — $23 million for the season — and you can see why many were shocked no money is changing hands.

Now that we know the terms of the deal, and that it doesn’t involve money changing hands, it’s safe to say the Jays got away with highway robbery.

For more on the trade, check out Bluebird Banter and Halos Heaven.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.