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Isn't Manny a big waste of $$$?

I have read several articles regarding our interest in signing Manny Ramirez to DH this year. His obvious temperamental downside set aside, why would we waste our money? The team is in a rebuilding phase. Most projections seem to expect 70-75 wins for us. Why should a team with a losing record waste money on an aging player, when he won't make us even near-contenders? Let's say for argument he adds 10 wins (crazy, but just for argument's sake). 80-85 wins is barely or just below .500. We aren't in the NL Central where the division was won with 86 wins a few years ago. Texas will get 90 wins most likely. Even if we could win a division with 85 wins, we would never advance in the playoffs. One might argue he could teach the young guys, but I don't really feel like Manny is the mentoring type.

I am not 100% sure how baseball money works, but if we don't pay for Manny, is there not more money for later years, to sign better players when we are also getting better? Please clarify for me if there is some loophole puts us in a position to use or lose some cash, and this move is better than losing said money outright.

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