If he goes back to the Yanks, does Texas still have to pay the 12 mil or whatever the amount is?
Nope. By opting out of his contract, A-Rod effectively cancelled the Rangers' interest ($20+ million) in the remaining portion of the old contract. This effectively cost the Yankees $20+ million. From what I read, A-Rod will be eating this cost in negotiating the new contract.
Correct, that's why the rumored figures are 10 years for $270 and it's not closer to $300 million. Good for the Yankees essentially "getting their money back" from A-Rod for opting out
