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August 30, 2008 11:48:49 CDT

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Buffett Helps Keep A-Rod in Pinstripes

Posted Nov 17, 07 5:36 PM CST in Business,  Sports 

(Newser) – When Alex Rodriguez did an end run around agent Scott Boras to make a deal with the Yankees, he wasn't without high-powered advice, reports the Wall Street Journal: Warren Buffett told him to do it. A worried A-Rod called the Sage of Omaha, a personal friend, as sports scribes blasted the slugger for leaving the Yanks. What did Buffett tell A-Rod, whose agent had set his price tag too high? Approach the Yanks without him.

A-Rod also used Goldman Sachs toppers, who extended an olive branch to the team. "He's genuine," Goldman partner Gerry Cardinale reportedly told Yankee prez Randy Levine. "I think you guys should hear him out." Once the Steinbrenners got involved, Goldman execs let A-Rod negotiate his own reported 10-year deal worth up to $275 million. Buffett summed it up: "A-Rod really loves being a Yankee."

Source Wall Street Journal

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Then-Texas Rangers shortstop Alex Rodriguez, right, and his agent Scott Boras, talk to reporters in this Dec. 17, 2003 file photo, in New York. (AP Photo/Kathy Willens)   (Associated Press)
American League's Alex Rodriguez, right, of the New York Yankees, chats with National League's Barry Bonds, of the San Francisco Giants, during the All-Star Home Run Baseball Derby in San Francisco, ...   (Associated Press)
New York Yankees' Alex Rodriguez waves toward the stands before taking batting practice prior to Game 3 of the American League Division Series playoff baseball game against the Cleveland Indians at Yankee...   (Associated Press)
New York Yankees' Alex Rodriguez dons his batting helmet to take batting practice before Game 3 of the Yankees' American League baseball division playoff series against the Cleveland Indians at Yankee...   (Associated Press)
New York Yankees owner George Steinbrenner, left, places his hands on the shoulders of third baseman Alex Rodriguez (13) as they talk following batting practice at spring training, in this Feb. 26, 2005...   (Associated Press)
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MLB  • baseball  • New York Yankees  • Alex Rodriguez  • Goldman Sachs  • Warren Buffett  • Scott Boras


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