Do baseball’s owners give their general managers monopoly money for these big contracts?
How can the Cubs give Ted Lilly a $40 million contract over four years? His career pitching record is 59-58.
How can the Giants give Barry Bonds $16 million for one season? He’s 42 and a liability in the field. Even if he brings in thousands of extra fans during his pursuit of Hank Aaron’s home run record, he isn’t going to make up for the $16 million the team is spending.
Baseball owners are reckless with their money. The $250 million Texas gave Alex Rodriguez in 2000 still stands as the most ridiculous contract in history, but some team will eventually top it.

Ron,
Barry Bonds isn’t worth a quarter of what the Giants are offering AND no one else really wanted him. Don’t you think this deal might have surpassed the A-Rod deal for the most ridiculous of all-time?
You’re right, baseball’s spending is way out of hand.