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A-Rod Stays, Thanks to Wall St.

Goldman Sachs exec brokers deal

By Peter Fearon,  Newser Staff

Posted Nov 16, 2007 2:19 AM CST
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(Newser) – Alex Rodriguez will be the New York Yankees' third baseman next season. One of Wall Street's power elite convinced A-Rod to sign a new contract as early as today, reports the Wall Street Journal. Gerry Cardinale, an executive at Goldman Sachs, which owns a big stake in the Yankees' television network, YES, negotiated the deal.

Keeping A-Rod in pinstripes seemed  impossible just days ago. According to the Journal, A-Rod's neighbor in Miami, Goldman executive John Mallory brought in Cardinale. "This is a work in progress," a Yankees spokesman said. "We're still in dialogue and we're trying to work things through."

Alex Rodriguez hits his 499th career home run against the Royals in this July file photo in Kansas City, Mo. Rodriguez and the Yankees have agreed to the outline of a US$275 million, 10-year contract, according to a person familiar with the negotiations.(AP Photo/Ed Zurga, FILE)
Alex Rodriguez hits his 499th career home run against the Royals in this July file photo in Kansas City, Mo. Rodriguez and the Yankees have agreed to the outline of a US$275 million, 10-year contract,...   (Associated Press)
New York Yankees' Alex Rodriguez after hitting a two-out, walk-off, three-run home run in the Yankees 8-6 win over the Cleveland Indians in this April 19, 2007, file photo. Rodriguez and the Yankees have agreed to the outline of a US$275 million, 10-year contract, according to a person familiar with...
New York Yankees' Alex Rodriguez after hitting a two-out, walk-off, three-run home run in the Yankees 8-6 win over the Cleveland Indians in this April 19, 2007, file photo. Rodriguez and the Yankees...   (Associated Press)
New York Yankees' Alex Rodriguez watches from the dugout against the Cleveland Indians during Game 4 of an American League Division Series baseball game Monday, Oct. 8, 2007 at Yankee Stadium in New York. (AP Photo/Kathy Willens)
New York Yankees' Alex Rodriguez watches from the dugout against the Cleveland Indians during Game 4 of an American League Division Series baseball game Monday, Oct. 8, 2007 at Yankee Stadium in New York....   (Associated Press)
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MLB • Texas Rangers • Goldman Sachs • New York Yankees • Alex Rodriguez • YES Network • Gerry Cardinale • Steinbrenner • baseball

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