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
Advertisement

MLB Top Stories

Thumbnail A's try to thwart Mariners' playoff push The Mariners are among the hottest teams in baseball. Yet do they have enough time to creep into the playoffs?
Thumbnail Reds continue to harm Cards' playoff chances   After another flop at Busch Stadium, the Cardinals need a flamethrowing 22-year-old to keep them afloat in the National...
Thumbnail Giants aim to obliterate Rockies again San Francisco erupted for 19 hits in last night’s victory over Colorado. Will the West Coast crowd witness further offensive heroics...
Thumbnail Cards seek to build momentum against Reds Jhonny Peralta’s had a tough time since returning from the disabled list on June 7. Perhaps, though, he’s rediscovering that familiar power stroke when it matters...
Thumbnail Yanks keeping slim hopes alive vs. Red Sox Clay Buchholz proved his playoff bona fides in 2013. In order for the Red Sox to inflict some real damage this October, the righty may have to be equally...
More inMLB Articles  

MLB Team Pages