November 18, 2002
(Atlanta-AP) -- Baseball commissioner Bud Selig has approved left-handed pitcher Mike Hampton's trade to the Atlanta Braves.
Atlanta is responsible for just five-point-five (m) million dollars of Hampton's salary over the next three years.
As part of the deals, Colorado pays Florida six-point-five (m) million over the next three years, and the Marlins pay Atlanta 30 (m) million over the next three seasons.
The Rockies remain responsible for the 19 (m) million Hampton is owed from his 21 (m) million signing bonus and for a 6 (m) million buyout of his 2009 option, which was declined just before the trade.
Hampton was shipped to Atlanta after a brief stopover with the Florida Marlins, after he was traded from the Colorado Rockies. deal, the richest ever for a pitcher.
The Rockies will pay eleven million dollars of Hampton's remaining salary, plus a 19 million dollar deferred signing bonus.
The Braves will owe Hampton about 35.5 million dollars over the next three years, with the Rockies and Marlins paying off the final three years of the deal.
Like many previous pitchers, Hampton was a bust in Denver's thin air. After a 9 and 2 start with Colorado in 2001, Hampton went 12-and-26 with a 6.62 ERA for the Rockies.
The 30-year-old left-hander was 7-and-15 this year with a 6.15 ERA, the highest in the major leagues among pitchers who qualified for the ERA title.
Braves general manager John Schuerholz said during a Monday press conference discussing the Hampton trade that the deal will not have an impact on Atlanta's efforts to re-sign free agent pitchers Tom Glavine and Greg Maddux.