Goldman Sachs Exec Helps A-Rod Negotiate $300 M Yankees Deal

Wall Street Journal   |  DENNIS K. BERMAN, DANA CIMILLUCA, ADAM THOMPSON   |   November 15, 2007 10:05 PM


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New York Yankees third baseman Alex Rodriguez has struck an agreement in principle to re-sign with the baseball club, according to a person familiar with negotiations.

The agreement has not been signed, this person said, but the two sides are moving quickly toward an agreement and could have it finalized as early as Friday.

Full details of the agreement weren't available Thursday evening, but the contract is believed to be worth around $300 million over 10 years. Gerry Cardinale, an executive in Goldman Sachs' principal investments group, helped negotiate the deal. He was brought in by another Goldman executive, John Mallory, who is a neighbor of Mr. Rodriguez in Miami.

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WHY???So the ultra rich can get a little bit richer? What a disgusting load of crud. I stopped going to professional sports years ago it's puke ugly, but so is Goldman Sachs. It's the ugly reflection of our present day gilded age.

    Favorite    Flag as abusive Posted 05:52 PM on 11/18/2007

This is an insult to working people. No athlete is worth this much money.

    Favorite    Flag as abusive Posted 01:34 AM on 11/17/2007

Symptomatic

    Favorite    Flag as abusive Posted 05:03 PM on 11/16/2007

It's a little like buying an genuine VanGogh. The supply of VanGoghs is extremely limited, as is the number of people who can afford one. Is a VanGogh worth $30 million? Well, not to me, but then again I don't have $30 million to throw around. But if I was an egocentric billionaire and bored enough not to know what else to spend my money on, who knows what I might buy?

Personally I hope A-Rod has another great year. Why not? It won't cost me a dime either way, and seeing him fail won't make me any richer.

    Favorite    Flag as abusive Posted 04:29 PM on 11/16/2007

Once we all realize that we are officially living in The Bizarro World, life becomes easier to bear. Next thing ya know, China will buy the Yankees. You heard it hear first.

    Favorite    Flag as abusive Posted 03:16 PM on 11/16/2007

I think of future generations of Yankee fans whining about the Curse of the K-Rod, or "Mr. October," as I like to think of him. He brings nothing but a big bat and bigger ego to a team during the regular season, and disgrace during post-season. I cannot in any way fathom the idiocy of the HankyMan in letting Torre go (the man who brought record numbers of post-season wins to the team) and paying big bucks to keep K-Rod. I'm going to become a Dodger fan.

    Favorite    Flag as abusive Posted 01:54 PM on 11/16/2007

This is obscene and I find that our priorities are out of touch. A hole is a pig.

    Favorite    Flag as abusive Posted 11:09 AM on 11/16/2007
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What's the big deal? It isn't my money or anyone's who comes to this site money. The market in which A-Rod works pays for the salary and if he doesn't get it the fucked up Steinbrenner family will pocket it and no one will even know it. I love watching the NY Post go through their usual nonsense on this. Funny how they chuck the whole capitalist system when a Latino pulls down a few million bucks. Was anyone out there howling when Kurt Schilling signed his salary with Boston? I don't think so.

    Favorite    Flag as abusive Posted 11:03 AM on 11/16/2007
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What a bunch of crap. NO ONE is worth 300 million!

    Favorite    Flag as abusive Posted 10:13 AM on 11/16/2007

I stopped going to Professional Baseball years ago & much prefer to watch the local guys play on a sand lot. It's a freakin' game. $ 300,000,000. for a pitcher ?
Baseball used to be America's game because it wasn't Polo, it was a game with
$ 2.00 seats, hot dogs, soda pop & cheap beer. It was a game of the people, by the people, and for the people. Now, like the Government, it's a game played by multi-millionaires exploiting the desperation of the average citizen to have some joy in an otherwise dismal existance. The Government today is like the 1919 Chicago Black Sox, totally corrupting the ideals that got them there in the first place. Goldman Sach is negotiating a ball players salary ? As a kid, I understood that a pitcher would pitch 9 innings because it was about endurance. Today some joker goes out to the mound and is replaced after 6 innings, pitting a totally fresh pitcher against tired out fielders.
What a match-up ! The pitcher can't even lift a bat . There is a " designated hitter ". Bat too heavy to lift ? Perhaps the players could hire a Butler to carry the ball out to the infield. Players use steroids, an insult to players like Mantle, Arron, Gherig, and Ted Williams who bust their butt to set the records they set. The modern " records " are meaningless, a sham to draw suckers to the ball park. Perhaps next, players will sit on an air conditioned bench and do online Stock Trading as some robot goes to the plate for them , and, useing a diamond bat smacks a Home Run over a two foot fence 25 feet away from Home Plate.

    Favorite    Flag as abusive Posted 10:03 AM on 11/16/2007

I'll sleep easier tonight knowing A-Rod is looked after.

    Favorite    Flag as abusive Posted 09:45 AM on 11/16/2007

Scott Boras should be fired. Pulled that crap on the last night of the world series (makes his client look like a jerk), blew the fist round of talks, and obviously did not have a big play in this sit down (or so it seems in the WSJ)...maybe Gerry Cardinale should freelance as a sports agent.

    Favorite    Flag as abusive Posted 08:42 AM on 11/16/2007

And before anybody bitches about him being overpaid, blah blah blah: remember that NOBODY is forcing them to pay him. If somebody meets your asking price, you're NOT overpaid.

    Favorite    Flag as abusive Posted 07:17 AM on 11/16/2007
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Couldn't happen to a nastier SOB.

    Favorite    Flag as abusive Posted 01:10 AM on 11/16/2007

ZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzz

    Favorite    Flag as abusive Posted 12:03 AM on 11/16/2007
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