2013 MLB Discussion Thread
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07-24-2013, 02:02 PM
Join Date: Nov 2005
Originally Posted by
That's what happens when people who know nothing about baseball/contracts are running the show. Even though it was brief.
Hank was too dumb to realize that something like 6/150 would have gotten it done. He outbid himself by a country mile.
And to think, large segments of Yankee fans wanted him to replace George.
You can't forget the ever so helpful work of Goldman Sachs:
Goldman Sachs’ relationship with
the New York Yankees dates to
2001. The following year, together
we launched what would become
the #1 most watched regional
sports network in the country, the
YES Network. The deal marked
one of the largest private equity
investments at the time, and
the beginning of an ongoing
relationship with the Yankees.
As a result of this relationship,
Alex Rodriguez approached
Goldman Sachs in November
of 2007 to explore options
for resuming a dialogue with the
Yankees after opting out of his
contract. Goldman Sachs worked
to help both parties find their
common ground after negotiations
had stalled. After facilitating the
conversation, Goldman Sachs
brought its negotiations expertise
to bear in helping to define the
terms of the deal—a $275 million
contract over the course of
10 years, keeping Rodriguez with
the Yankees for the duration
of his career.
The deal reflects the firm’s leading
Business Principle of putting clients’
interests first. Goldman Sachs is
committed to its relationship with
the Yankees and is the lead financial
advisor for their new stadium
due to open in April of 2009.
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