BizJournals Portfolio
Sep 24 2007 12:00am EDT

ARod's Agent Denies Report of Possible Cubs' Stake for Star Player

Scott Boras, the baseball super-agent who happens to have Yankees' megastar Alex Rodriguez as his client, is denying a New York magazine
claiming he's spoken with potential bidders for the Chicago Cubs about a contract for Rodriguez that may reach $30 million a year and include a stake in the team.

"I have not talked to anyone,'' Boras told the AP.

Which, in agent-speak, means it's probably true.

borasrod-large.jpg Photo of Scott Boras and Alex Rodriguez by REUTERS/Ray Stubblebine

Rodriguez, who is having the season of his life for the Yankees, can opt out of his contract 10 days after the World Series. That's the $252 million 10-year deal reached with the Texas Rangers before the 2001 season. ARod is scheduled to make a mere $27 million each of the next three seasons but if he stays with the Yankees, the Rangers are obligated to pay $29 million of that.

A player can neither have part ownership of a team nor negotiate for future ownership, so if Boras is even thinking about it, he'll be in for a rough road with Commissioner Bud Selig. As would those potential bidders.


Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com

Come on, like us—you know you want to.

Follow us and if you're an innovative entrepreneur, we'll return the favor.

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More