This is how out-of-whack the baseball financial system is: the Colorado Rockies will continue to pay Mike Hampton, a pitcher who has not been part of the team since 2002, through the 2012 season.

Hampton, whose deferred signing bonus will earn him $1.9 million in 2009, $1.957 million in 2010, $2.015 million in 2011, $2.076 million in 2012, $2.318 million in 2013, $2.2 million in 2014, $2.27 million in 2015, $2.33 million in 2016 and $2.4 million in 2016.

Of course, the Rockies still owe Denny Neagle $9 million. Neagle has not pitched since 2003. And then there is Larry Walker who has helped the St. Louis Cardinals to the playoffs the last two seasons. Colorado will pay him $1.7 million annually for the next 20 years.

Is it any wonder Colorado had a low payroll in 2005? They are paying so much in salary no longer on the team. Is this good economics?

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