Rodriguez and Yankees officials have been working toward finalizing a new 10-year deal worth approximately $275 million that will keep the two-time MVP in pinstripes for the duration of his Hall of Fame career. The two sides are expected to meet Thursday in Florida with the hopes of finishing the deal. According to one source, agent Scott Boras has not been involved in the talks.
I think he was somewhat upset at the events that had occurred," Hank Steinbrenner said, referring to the backlash that followed A-Rod's opt-out decision. "What was very important to me was Alex reaching out to us and making it clear that he really wanted to be a Yankee."
For that to happen, the Yankees said Rodriguez would have to take a deal below his market value, one which would make up for the $21 million subsidy from the Rangers that the Bombers lost when A-Rod opted out of the final three years and $91 million of his contract.
A-Rod, Yankees closing in on 10-year, $275 million deal
I think he was somewhat upset at the events that had occurred," Hank Steinbrenner said, referring to the backlash that followed A-Rod's opt-out decision. "What was very important to me was Alex reaching out to us and making it clear that he really wanted to be a Yankee."
For that to happen, the Yankees said Rodriguez would have to take a deal below his market value, one which would make up for the $21 million subsidy from the Rangers that the Bombers lost when A-Rod opted out of the final three years and $91 million of his contract.
A-Rod, Yankees closing in on 10-year, $275 million deal