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loomis41973
11-17-2007, 02:05 PM
Interesting article from Yahoo...



NEW YORK (AP) -- Warren Buffett advised Alex Rodriguez to approach the New York Yankees and go around agent Scott Boras, The Wall Street Journal reported Saturday.

The newspaper cited a person familiar with the matter, whom it did not identify.

"A-Rod really loves being a Yankee," Buffett was quoted as saying. He wouldn't comment on the substance of any discussions with the player.

The two became friends several years ago.

Rodriguez, on Boras' advise, opted out of the final three seasons of his record $252 million, 10-year contract on Oct. 28. The Yankees had said many times that if he opted out, they wouldn't negotiate because they would lose $21.3 million from Texas for the final three seasons that was agreed to at the time of the 2004 trade, money to offset the $72 million New York owed from 2008-10.

Upset with developments after he opted out, Rodriguez contacted Buffett, and the investor told him to approach the Yankees without his agent, the Journal said.

After speaking with the investor, Rodriguez contacted a managing director at Goldman Sachs that he knew, John Mallory, who then got in touch with Gerald Cardinale, a Goldman Sachs managing director who has worked with the Yankees and their YES Network.

With the assistance of the two Goldman executives, Rodriguez and the Yankees negotiated a $275 million, 10-year contract that is in the process of being finalized.

KAPLAN
11-17-2007, 02:08 PM
He is my favorite current Yankee and I am very glad he made it happen and stayed. It will cement his legacy as one of the greatest to ever play the game. Now just get some pitching and win the World Series.

SoCalDomer
11-17-2007, 02:17 PM
No wonder it cost $6.50 for a warm, light beer at Yankees stadium.

loomis41973
11-17-2007, 02:23 PM
I am sure other athletes will take notice.
You can take a smaller offer if you are not paying fee's to an agent which could leave your team more money at their disposal.

KamaraPolice
11-17-2007, 02:29 PM
Ha, just read about this in Wall Street Journal today.

What he does with all his money is how he will be remembered.

Newc
11-17-2007, 09:05 PM
I heard that it was against the collective bargining agreement to negotiate a contract without your agent. Does anyone know if that is the case? I wouldn't be surprised if Boras arranged for this whole little "story" so that A-Rod gets back into the good graces of the fans. Its not like Boras has anything to lose, he was always viewed as a jackass and always will be, and I still think 275 is the biggest contract they were going to get so he still gets the most $ he could have.

I dunno, this just all seems a little too wierd for me.

piyachi
11-18-2007, 12:51 AM
He is my favorite current Yankee and I am very glad he made it happen and stayed. It will cement his legacy as one of the greatest to ever play the game. Now just get some pitching and win the World Series.

Man Kaplan, and I thought I was the big koolaid drinker here!:devil_2: