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Yanks settle A-Rod dispute, donate $3.5M

(AP Photo/Julie Jacobson)

NEW YORK (AP) Alex Rodriguez and the Yankees settled their dispute over a marketing payment with a deal announced Friday that gives $3.5 million to charitable groups, saves the team $5.5 million and gets A-Rod the home run ball from his 3,000th hit.

At the time Rodriguez and the Yankees signed their $275 million, 10-year contract in December 2007, they reached a separate marketing agreement. It called for $6 million each for up to five milestone accomplishments in exchange for marketing rights, such as using A-Rod's name and image in selling licensed goods. The first was to be for A-Rod's 660th home run, tying Willie Mays for fourth on the career list.

"I'm very happy, not only for what happened here with 3,000, but obviously with the big news of the day, which we all heard about," Rodriguez said Friday. "It's been a good day."

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