Alex Rodriguez Announces MLB Retirement

Alex Rodriguez

Alex Rodriguez announced over the weekend that he will retire, in an emotional address to the media.

A.Rod's final game will be on Friday (Aug. 12), after which he will become a special adviser and instructor with the team.

"This is a tough day. I love this game and I love this team," Rodriguez said, as he choked up during the news conference. "And today I'm saying goodbye."

Rodriguez is 41 years old, and admits "saying goodbye may be the hardest part of the job."

Following Friday's game, Rodriguez will be unconditionally released by the Yankees from his player contract, in order to sign a contract to serve in his new role with the team, which goes until Dec. 31, 2017.

However, the Yankees are contractually obligated to pay Rodriguez the remainder of his $21 million salary for this season and the $21 million he is owed for 2017, the final season of a 10-year, $275 million contract.

During his 19-season career, A.Rod won three MVPs and has made 14 All-Star. He is also fourth on the all-time home run list with 696, trailing leader Barry Bonds (762) by 66.