Alex Rodriguez Objects to Rangers Bankruptcy Plan
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July 28 (Bloomberg) -- Alex Rodriguez, third baseman forthe New York Yankees, objected to the bankruptcy plan of hisformer baseball team, the Texas Rangers, which owes him$24.9 million in deferred compensation.
The plan doesn’t make clear whether Rodriguez’s contractwill be assumed by the buyer of the baseball team “with all ofhis rights remaining intact,” his lawyer said in a filing todayin U.S. Bankruptcy Court in Fort Worth, Texas.