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Breaking: ARod to Opt Out
By Dan | October 28, 2007
According to Jon Heyman of CNNSI, Scott Boras notified the Yankees today that Alex Rodriguez will be opting out of his contract.
“Alex made the decision today,” Boras said. “I thought we should notify the club.”
The Yankees were preparing an extension to his current contract for either five or six years, believed to be for close to $30 million annually. However, team officials said Boras has politely declined to meet with them in recent days, and they never presented the offer.
Rodriguez technically had until 10 days after the World Series ended to exercise his opt-out rights, which were provided in his $252 million Texas deal. However, Boras said Rodriguez felt there was no way he could make a decision to stay in that short a period of time since several situations remain unsettled, including those of Mariano Rivera, Jorge Posada and Andy Pettitte.
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