A-Rod in Wrigleyville

29 Oct 2007 By Rob Cox Follow @rob1cox

The highest paid player in major league baseball is walking away from his contract with the New York Yankees. It s going to be difficult for him to boost his salary much beyond his last $252m deal. He could, though, if he takes an equity stake in a team like the Chicago Cubs, which Sam Zell is trying to sell.

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Alex Rodriguez has opted out of his $252m, 10year contract with the New York Yankees and has become a free agent. The decision was announced by his agent Scott Boras during the final game of the World Series, in which the Boston Red Sox defeated the Colorado Rockies.

Rodriguez loses the final $72 million in guaranteed salary in the contract, of which $21.3 million was to be covered by payments from the Texas Rangers to the Yankees. New York had said it would not attempt to resign ARod if he opted out.

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