Goldman Sachs Exec Helps A-Rod Negotiate $300 M Yankees Deal

Mar 28, 2008 | Updated May 25, 2011

New York Yankees third baseman Alex Rodriguez has struck an agreement in principle to re-sign with the baseball club, according to a person familiar with negotiations.

The agreement has not been signed, this person said, but the two sides are moving quickly toward an agreement and could have it finalized as early as Friday.

Full details of the agreement weren't available Thursday evening, but the contract is believed to be worth around $300 million over 10 years. Gerry Cardinale, an executive in Goldman Sachs' principal investments group, helped negotiate the deal. He was brought in by another Goldman executive, John Mallory, who is a neighbor of Mr. Rodriguez in Miami.

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