Trade Announcement: James Madison Gang and Channel 4 News Team

Channel 4 gets:
Erik Bedard ($1,750,000, 2 yrs)
Desmond Jennings ($0, R-0)

James Madison gets:
Carlos Quentin ($250,000)
Derek Lowe ($1,000,000)

The money works out exactly even.

In a subsequent transaction, JMG releases Ty Wigginton and his $1,000,000 salary.