The New York Mets have placed closer Francisco Rodriguez on the disqualified list and exercised their right to convert his contract to a non-guaranteed contract according to a report from the Associated Press.
This, according to the AP, means that Rodriguez will not be paid until he is deemed able to perform his job again. With the report that he had season ending surgery earlier Tuesday, Rodriguez will evidently not be paid by the Mets for the remainder of the season.
The Associated Press has the details of his contract:
He is owed $11.5 million next year as part of a deal that includes a $17.5 million team option for 2012 with a $3.5 million buyout. The option would become guaranteed if he remains healthy and has 100 games finished this year and next, including 55 in 2011.
This story is probably going to be developing over the next few days.