Rays release James Loney, will pay $8M salary
Unable to find a trade, the Rays released 1B James Loney today in submitting their official 25-man opening day roster and will be responsible for his $8-million salary.
Loney was left without a job as the Rays made several off-season additions, acquiring Logan Morrison and Steve Pearce to get the bulk of the playing time, and Corey Dickerson to take the DH at-bats they otherwise could have had.
Manager Kevin Cash said the Loney decision was "difficult" and he handled it well.
"We all know he's a big league player,'' Cash said.
The Rays told Loney on Wednesday he was not going to make the team, so it was just a matter of whether they found a trade or released him.
If Loney signs with another team it likely will be for the $507,500 minimum with the Rays paying the rest of his salary.