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.
Advertisement

Top MLB Public Bets

Advertisement

MLB Top Stories

Thumbnail Jays, Bautista could be close to deal Could the Blue Jays be nearing a new deal with slugger Jose Bautista?
Thumbnail Red Sox favored to win AL Pennant The Boston Red Sox are favored to win the 2017 American League Pennant, while the defending champs have the next-best odds.
Thumbnail Updated 2017 NL Pennant Odds The Chicago Cubs remain favored to win the 2017 National League Pennant at 9/5, but which team is listed second?
Thumbnail Cubs remain World Series Favorites The Cubs remain favored to win the 2017 World Series while the Red Sox have the next-best odds according to oddsmakers.
Thumbnail Dodgers officially re-sign Jansen The Dodgers have officially re-signed Kenley Jansen to a five-year, $80 million contract.

MLB Team Pages