The following is a joint press release that we have recieved today from Major League Baseball, the Major League Baseball Players Association, the New York Yankees and Alex Rodriguez.
Yankees and Alex Rodriguez Settle Contract Dispute Regarding Milestone Bonus Money
MLB/MLBPA Joint Statement Regarding the Yankees and Alex Rodriguez
Major League Baseball and the Major League Baseball Players Association jointly announced today that the New York Yankees and Alex Rodriguez have amicably resolved their potential dispute regarding Rodriguez’s entitlement to bonus monies under the provision of his player contract covering historical statistical accomplishments.
As part of this resolution, Mr. Rodriguez and the Yankees have agreed that a total of $3.5 million in charitable contributions will be made by the Club, with $1 million going to the following charities that have long enjoyed the support of one or both: the Special Operations Warrior Foundation, the Boys & Girls Club of Tampa, and Pitch In For Baseball; and $2.5 million going to the MLB Urban Youth Foundation, which will use the money to further programs and initiatives aimed at increasing youth participation in baseball, particularly in urban areas.
Commissioner Robert D. Manfred, Jr. will determine the initiatives to be supported by the $2.5 million contribution after consulting with Mr. Rodriguez, and taking into consideration the focus of Mr. Rodriguez’s past charitable contributions.
Neither party will have any further comment on the specific terms of the agreement and both look forward to focusing their energies on winning another championship for Yankees fans.
Main Photo Credit: NEW YORK, NY – SEPTEMBER 20: Alex Rodriguez #13 of the New York Yankees watches his hit fly out of the park and turn into a grand slam in the seventh inning against the San Francisco Giants during interleague play on September 20, 2013 at Yankee Stadium in the Bronx borough of New York City. (Photo by Elsa/Getty Images)
