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The technique I just described has not only worked for me in certain
situations, it recently served as the centerpiece of an historic
sports negotiation.
When longtime agent Scott Boras reached an impasse in the contract
negotiation between his client, baseball superstar Alex Rodriguez and
the New York Yankees, a neutral third-party, billionaire Warren
Buffett, was asked to arbitrate.
Soon after, the Yankees announced that a 10-year, $275 million
agreement had been reached. Although Scott Boras had bowed out of
the direct negotiations, he played a significant supporting role in
crafting the language of the contract.
Scott's deal represents the richest contract in major league baseball
history, and consists of a complex series of bonuses and incentives
tied to several different performance goals.
As far as I know, neither Scott Boras' reputation -- nor his fee --
was diminished.
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