A-Rod to stay with the Yankmees - Page 2

rtmike · 11-15-2007, 07:37 PM

http://sports.espn.go.com/mlb/news/story?id=3112799

NEW YORK -- Alex Rodriguez and the New York Yankees have agreed to the outline of a record $275 million, 10-year contract, a deal that potentially would allow him to earn millions more if he sets the career home run record.

The amount of the guaranteed money was revealed by a person familiar with the negotiations who spoke Thursday on condition of anonymity because the deal hasn't been finalized. A-Rod and his wife met Wednesday in Tampa, Fla., with brothers Hal and Hank Steinbrenner, but the parameters of the agreement were set in place last weekend.

"The meeting was a final get-together," Yankees senior vice president Hank Steinbrenner said. "He wanted to make sure myself and my brother knew that he was sincere and serious."

The Yankees still must draft the agreement with Rodriguez's agent, Scott Boras. Asked whether the only remaining details were putting the deal on paper, Steinbrenner responded: "pretty much so."

Boras wasn't a part of the negotiations, in which Goldman Sachs managing directors John Mallory and Gerald Cardinale conducted shuttle diplomacy.

"They were the go-betweens, initially," Steinbrenner said. "That's how he reached out to us."

The Yankees were notified by Boras on Oct. 28 that Rodriguez was opting out of the final three seasons of his $252 million, 10-year contract -- the previous record -- and becoming a free agent. New York maintained then that it no longer would negotiate with A-Rod because the decision eliminated a $21.3 million subsidy from Texas that was negotiated in the 2004 trade.

About a week later, A-Rod contacted Mallory, a friend who works in private wealth management in Goldman's Los Angeles office. Rodriguez knew the Yankees have a close relationship with the investment bank, which was instrumental in the launch of the team's YES Network.

Mallory called Cardinale, who works in the merchant banking section in New York and helped finance the network. Cardinale in turn got in touch with Yankees president Randy Levine.

A-Rod and the Yankees exchanged proposals via the bankers, and the deal gradually was framed in about a dozen telephone calls.

The sides still are working on putting together a provision that would allow Rodriguez to share revenue created by his pursuit of the career home record held by Barry Bonds, who was indicted Thursday on perjury and obstruction charges. A-Rod has 518 homers, 244 shy of the mark.

"The Yankees have never had a player since Babe Ruth that really had a 100 percent chance" of setting the record, Steinbrenner said. "[Mickey] Mantle should have, but he had too many injuries. It's a historical achievement bonus more than it is an incentive bonus. There is no yearly incentive bonus."

That provision must be drafted carefully because of Major League Rule 3 (b) (5), which states no contract shall be approved "if it contains a bonus for playing, pitching or batting skill or if it provides for the payment of a bonus contingent on the standing of the signing club at the end of the championship season."

Even with that, the commissioner's office allowed the Boston Red Sox in 2003 to give Curt Schilling a provision for a $2 million raise in a season following a World Series championship. Boston won the title the following year.

The Yankees already have been in touch with Major League Baseball, and A-Rod's side contacted the players' association.

"Because he's generating such enormous revenue potential, both to the player and the club, there should be some way for the player and the club to capitalize on that achievement in some fashion," said Gene Orza, the union's chief operating officer. "The devil will be in the details. The minds of men and women in the sport should be able to figure this out."

Steinbrenner said Rodriguez was given bad advice by Boras during the time before the decision to opt out.

"Boras did a lot of good things for Alex through the years, and Alex knows that. I mean, obviously, he's going to look to Scott's advice on everything," Steinbrenner said. "That's not unusual today. It's not like he's the only one. And if an agent gets out of line or makes bad decisions, then that's going to hurt the player. And obviously, that's one of the things that happened here."

Rodriguez still winds up with baseball's largest contract, a fact that got the attention of Schilling.

"None of us are worth that much relative to 'real world' salaries," the pitcher wrote on his Web site. "But if someone in the game was getting a contract that big, I am not sure you could argue it being Alex. On the field this guy is the MVP-in-waiting every year, it seems."

Steinbrenner said he thinks that had Rodriguez tested the free-agent market, he would have gotten a more lucrative contract and cited the interest of the Los Angeles Dodgers, led by new manager Joe Torre, and perhaps other teams.

"There are a few cynics who say, 'Well, he really couldn't get this there,' " Steinbrenner said. "Trust me, he would have gotten probably more. He is making a sacrifice to be a Yankee, there's no question. ... He showed what was really in his heart and what he really wanted."

Copyright 2007 by The Associated Press

Damn, that's a lot of money.

DomerNKC · 11-15-2007, 08:35 PM

Quote:

Originally Posted by barry_smilez20

a-rod sucks

so does barry sanders.

barry_smilez20 · 11-15-2007, 08:39 PM

Quote:

Originally Posted by DomerNKC

so does barry sanders.

[IMG]

[/IMG]

does this suck

'Hamas' Jenkins · 11-15-2007, 08:44 PM

Barry Sanders was a bad motherfucker. I love watching that clip of him pwn Lynch.

rtmike · 11-15-2007, 08:45 PM

Wasn't Barry born, raised somewhere in Kansas?

Eleazar · 11-15-2007, 08:47 PM

Quote:

Originally Posted by rtmike

Wasn't Barry born, raised somewhere in Kansas?

Wichita, I think.

rtmike · 11-15-2007, 08:54 PM

I still remember where I was when they announced his retirement, getting on 235 north off 54 east. The clover leaf on ramp came up on me too quick as I was merging, scared the ca-ca out of me.

Seems like only yesterday.

Valiant · 11-15-2007, 08:56 PM

Quote:

Originally Posted by kcxiv

There job is to get as much as they can. I dont blame them. I blame the stupid MLB GM's that actually pony up that much cash. I still cant beleive the Red Sox gave 50 million JUST to talk to Dice K. Thats even more stupid.

Well with TV revenue and ticket sales for those two franchises 50 million is not much to them..

Al Bundy · 11-15-2007, 09:06 PM

Quote:

Originally Posted by barry_smilez20

does this suck

I am surprised there weren't more Buccaneers lowlights in that video.. he killed us on more than one occasion.

Halfcan · 11-15-2007, 09:08 PM

Quote:

Originally Posted by Deberg_1990

Exactly. Its been proven time and again that you dont need these "Mega Stars" to win a title or even be successful. The Mariners won 100 games after they got rid of Pay Rod.

Pitching and clutch hitting win championships. Two things Pay Rod cant do.

Yeah Boston has a bunch of average Joes on their team.

L.A. Chieffan · 11-15-2007, 10:36 PM

MIGUEL! MIGUEL!

teedubya · 11-15-2007, 10:42 PM

Quote:

Originally Posted by frazod

Sounds like Boras got publicly fisted. Works for me!

Wow. we agree! heh.

Valiant · 11-16-2007, 02:05 AM

Damn and they made an offer to Mike Lowell to play 1st also..

KC_Connection · 11-16-2007, 02:07 AM

ARod was basically the reason they made the playoffs last year, and certainly wasn't the reason why they were eliminated.

Not saying I like the guy though, he's a douche.

ClevelandBronco · 11-16-2007, 02:22 AM

Quote:

Originally Posted by barry_smilez20

does this suck

All that talent and not an ounce of hot dog in him. Man, I wish I could have watched him some more.

BWillie · 11-16-2007, 02:29 AM

Quote:

Originally Posted by L.A.Chieffan

MIGUEL! MIGUEL!

Is a fat ass. He's going to balloon up to like 270 by the time he's 33. I don't think he's got longevity in him. There is already concerns about his lack of training regime.

11-15-2007, 07:37 PM
rtmike union paraplegic organizer Join Date: Sep 2005 Location: western Kansas Casino cash: $9094600	A-Rod to stay with the Yankmees http://sports.espn.go.com/mlb/news/story?id=3112799 NEW YORK -- Alex Rodriguez and the New York Yankees have agreed to the outline of a record $275 million, 10-year contract, a deal that potentially would allow him to earn millions more if he sets the career home run record. The amount of the guaranteed money was revealed by a person familiar with the negotiations who spoke Thursday on condition of anonymity because the deal hasn't been finalized. A-Rod and his wife met Wednesday in Tampa, Fla., with brothers Hal and Hank Steinbrenner, but the parameters of the agreement were set in place last weekend. "The meeting was a final get-together," Yankees senior vice president Hank Steinbrenner said. "He wanted to make sure myself and my brother knew that he was sincere and serious." The Yankees still must draft the agreement with Rodriguez's agent, Scott Boras. Asked whether the only remaining details were putting the deal on paper, Steinbrenner responded: "pretty much so." Boras wasn't a part of the negotiations, in which Goldman Sachs managing directors John Mallory and Gerald Cardinale conducted shuttle diplomacy. "They were the go-betweens, initially," Steinbrenner said. "That's how he reached out to us." The Yankees were notified by Boras on Oct. 28 that Rodriguez was opting out of the final three seasons of his $252 million, 10-year contract -- the previous record -- and becoming a free agent. New York maintained then that it no longer would negotiate with A-Rod because the decision eliminated a $21.3 million subsidy from Texas that was negotiated in the 2004 trade. About a week later, A-Rod contacted Mallory, a friend who works in private wealth management in Goldman's Los Angeles office. Rodriguez knew the Yankees have a close relationship with the investment bank, which was instrumental in the launch of the team's YES Network. Mallory called Cardinale, who works in the merchant banking section in New York and helped finance the network. Cardinale in turn got in touch with Yankees president Randy Levine. A-Rod and the Yankees exchanged proposals via the bankers, and the deal gradually was framed in about a dozen telephone calls. The sides still are working on putting together a provision that would allow Rodriguez to share revenue created by his pursuit of the career home record held by Barry Bonds, who was indicted Thursday on perjury and obstruction charges. A-Rod has 518 homers, 244 shy of the mark. "The Yankees have never had a player since Babe Ruth that really had a 100 percent chance" of setting the record, Steinbrenner said. "[Mickey] Mantle should have, but he had too many injuries. It's a historical achievement bonus more than it is an incentive bonus. There is no yearly incentive bonus." That provision must be drafted carefully because of Major League Rule 3 (b) (5), which states no contract shall be approved "if it contains a bonus for playing, pitching or batting skill or if it provides for the payment of a bonus contingent on the standing of the signing club at the end of the championship season." Even with that, the commissioner's office allowed the Boston Red Sox in 2003 to give Curt Schilling a provision for a $2 million raise in a season following a World Series championship. Boston won the title the following year. The Yankees already have been in touch with Major League Baseball, and A-Rod's side contacted the players' association. "Because he's generating such enormous revenue potential, both to the player and the club, there should be some way for the player and the club to capitalize on that achievement in some fashion," said Gene Orza, the union's chief operating officer. "The devil will be in the details. The minds of men and women in the sport should be able to figure this out." Steinbrenner said Rodriguez was given bad advice by Boras during the time before the decision to opt out. "Boras did a lot of good things for Alex through the years, and Alex knows that. I mean, obviously, he's going to look to Scott's advice on everything," Steinbrenner said. "That's not unusual today. It's not like he's the only one. And if an agent gets out of line or makes bad decisions, then that's going to hurt the player. And obviously, that's one of the things that happened here." Rodriguez still winds up with baseball's largest contract, a fact that got the attention of Schilling. "None of us are worth that much relative to 'real world' salaries," the pitcher wrote on his Web site. "But if someone in the game was getting a contract that big, I am not sure you could argue it being Alex. On the field this guy is the MVP-in-waiting every year, it seems." Steinbrenner said he thinks that had Rodriguez tested the free-agent market, he would have gotten a more lucrative contract and cited the interest of the Los Angeles Dodgers, led by new manager Joe Torre, and perhaps other teams. "There are a few cynics who say, 'Well, he really couldn't get this there,' " Steinbrenner said. "Trust me, he would have gotten probably more. He is making a sacrifice to be a Yankee, there's no question. ... He showed what was really in his heart and what he really wanted." Copyright 2007 by The Associated Press Damn, that's a lot of money.
Posts: 3,097

11-15-2007, 08:44 PM	#18
'Hamas' Jenkins Now you've pissed me off! Join Date: Jan 2006 Casino cash: $8019572	Barry Sanders was a bad motherfucker. I love watching that clip of him pwn Lynch. __________________ "When the Know-Nothings get control, it will read 'all men are created equal, except negroes, and foreigners, and Catholics.' When it comes to this I should prefer emigrating to some country where they make no pretense of loving liberty – to Russia, for instance, where despotism can be taken pure, and without the base alloy of hypocrisy.”--Abraham Lincoln
Posts: 74,820

11-15-2007, 08:45 PM	#19
rtmike union paraplegic organizer Join Date: Sep 2005 Location: western Kansas Casino cash: $9094600	Wasn't Barry born, raised somewhere in Kansas?
Posts: 3,097

11-15-2007, 08:54 PM	#21
rtmike union paraplegic organizer Join Date: Sep 2005 Location: western Kansas Casino cash: $9094600	I still remember where I was when they announced his retirement, getting on 235 north off 54 east. The clover leaf on ramp came up on me too quick as I was merging, scared the ca-ca out of me. Seems like only yesterday.
Posts: 3,097

11-15-2007, 10:36 PM	#25
L.A. Chieffan PLAY GOOD FOOTBALL Join Date: Aug 2006 Location: American Gardens Building Casino cash: $4108654	MIGUEL! MIGUEL! Attached Thumbnails
Posts: 17,367

11-16-2007, 02:05 AM	#27
Valiant Valiant 'The Thread Killer' Join Date: Jun 2001 Location: Kansas City Casino cash: $6472380	Damn and they made an offer to Mike Lowell to play 1st also..
Posts: 18,346

11-16-2007, 02:07 AM	#28
KC_Connection Perpetual Mediocrity Join Date: Jan 2006 Casino cash: $5462783	ARod was basically the reason they made the playoffs last year, and certainly wasn't the reason why they were eliminated. Not saying I like the guy though, he's a douche.
Posts: 48,589