Future Hall of Famer Alex Rodriguez is having some trouble (subscription required) selling a couple homes as he and his estranged wife Cynthia divvy up their assets in preparation for their divorce. In the fall they listed their Coral Gables, Florida home at $14.9 million. Now they've slashed the price to $12.3 million -- meaning they'll be facing a hefty after-expenses loss on the home they paid $12 million for in 2004. And that's assuming they're able to get something close to the new asking price for it. If you're in the market for a Coral Gables estate, you can take a look at the listing (and schedule a showing) here.

Meanwhile, Rodriguez is also trying to sell a Manhattan apartment for $10 million. He was originally looking to get $14 million.

Few people will be wasting their tears on the highest-paid player in baseball history, but A-Rod's saga does contain an important cautionary tale for homesellers: By pricing his homes too high in a declining market, Mr. Rodriguez was forced to slash the prices -- after they sat on the market for months while the market declined. By being greedy, he's now going to end up getting less than he would have had he priced them competitively from the get-go.

This post is part of our feature on Money Losers of 2008. See all 20.

Some claim that Madonna has brainwashed Yankee's third baseman Alex Rodriguez, which I find hard to believe; from what I've seen of her in interviews, she barely has adequate brain matter for herself, much less extra to share. And A-Rod; you make a bazillion dollars a year, dude. If you're going to cheat on your wife and 10- week-old daughter (you dog), this is the best you can do? A woman 16 years your senior with some serious mileage on her, um, moneymaker?

The reported affair cost them each a fortune. A few years ago, Rodriguez received a $275 million contract with the Bronx Bombers, which has come out to around $6.7 million per each postseason hit so far. (Choke much?) A-Rod's jilted wife, Cynthia, sued for divorce, and the couple was officially kaput by September. Settlement terms were not disclosed. Meanwhile, the Yankees, still in need of a clutch hitter, are shopping for Manny Ramirez, who could eclipse A-Rod's baseball star (and his star endorsement value, already damaged by the bad press surrounding his divorce).

At the same time, Madonna was buying her way out of marriage to Guy Ritchie for an estimated $76-92 million. That's a lot of material, even for her.

A-Rod was rumored to share Madonna's interest in Kabbalah, rooted in Jewish mysticism. When it comes to mystery, though, not many are as perplexing as the pairing of these two. What do they share, except funny work uniforms and too much dough? Well, not so much dough, now.

Be sure to check out more Money Losers of 2008.

Are your stocks and other investments underperforming? Well, consider buying a piece of Yankee Stadium as an investment.

Yankee Stadium, the cathedral of baseball, and "The House That Ruth Built," closes today.

In 2009, the City of New York will auction-off seats, signs, lockers, and other valuable parts of Yankee Stadium and Shea Stadium, both of which are owned by the city and which will be replaced in April 2009 by two new stadiums, a new Yankee Stadium in The Bronx for the New York Yankees, and CitiField in Queens for the New York Mets.

Artifacts from both ballparks will have value, but Yankee Stadium's will far exceed most items from Shea Stadium, collectors say.

That's because, among sports venues, in human history Yankee Stadium ranks second only to the Roman Coliseum in cultural and social significance.

We know what occurred in the Coliseum: its activities symbolized life during humanity's descent. We also know what has taken place in Yankee Stadium, and the games played and events held there help tell the story of humanity's ascent.

In 2001, Alex Rodriguez, perhaps the finest slugger to ever play the game, inked an unprecendented 10-year, $252 million contract to jump from the Seattle Mariners to the Texas Rangers. Three years later, when the Texas management regained its sanity and realized the ruinous terms of the deal, they dealt A-Rod to the only team with the money to support such a contract, the New York Yankees.

With A-Rod and another future Hall-of-Famer at shortstop, Derek Jeter, the Yankees had the foundation to return to its status as perennial World Series champion. Unfortunately for the club, it hasn't turned out that way. For A-Rod, however, things continue to improve.

His 2007 season was a monster; 54 home runs, 156 RBIs, slugging percentage of .645, American League MVP. Unfortunately, he continued what has become a maddening tendency to disappear in the playoffs, hitting like a bantamweight in the team's loss to the Cleveland Indians.

Such a wipeout might diminish most people's bargaining value, but A-Rod took an early-out option in his contract and went back out on the free agent market. After much bluster and posturing, the Yankees awarded him a new 10-year, $275 million contract. At 32, he should be set for the rest of his career, one in which he will almost certainly eclipse the home run record of Barry "better hitting through chemistry" Bonds.

When it comes to baseball contracts, in 2007 A-Rod hit one out of the park.

Be sure to check out more Money Winners of 2007.

Seeking advice on his contract negotiation with the New York Yankees, Alex Rodriguez went to the number one source for business wisdom, Warren Buffett, and a pair of Goldman Sachs executives.

After opting out of his contract at the urging of super-agent Scott Boras, Rodriguez found limited interest in his services at the price he was seeking. Now, he's back negotiating with the Yankees, after alienating the team badly by refusing to meet with them.

Buffett's advice to Rodriguez was this: If you want to stay in New York, go talk to the Yankees yourself and leave Boras out of it -- there's too much bad blood between him and the Yankees.

There are lot of athletes who could use Buffett's wisdom: Mike Lowell has professed his desire to stay in Boston, but may leave the team if he can secure a four-year deal from another team -- Boston is only offering him three. Buffett would probably tell him that it's silly to leave a great situation for more money when you're already rich. Mr. Lowell: Please stay in Boston. You had the best year of your career and the fans love you.

Buffett would probably tell Barry Bonds ... Well, Buffett would actually probably beat the crap out of Barry Bonds, because Warren Buffett is a person of integrity -- he doesn't like people who cheat and lie.

Full Disclosure: Zac Bissonnette is long the Boston Red Sox and has a large naked short position in the New York Yankees.

It was less than 3 weeks ago when Alex Rodriguez decided that the middle of World Series Game 4 was the opportune time to announce he was ditching the Yankees through a clause in his contract. At the time, Howard Stern sidekick (and lifelong Yankees fanatic) Artie Lange quipped: "Don't let the free-agency door hit you on the way out" (I'm paraphrasing to keep it clean, folks).

In the wake of this stunt, our own Georges Yared referred to A-Rod as a "crybaby extraordinaire" and a "selfish, self-centered you-know-what." Georges also noted that, "The attempt to upstage the Red Sox and Rockies should not be forgiven nor forgotten by the baseball brethren." Indeed, it was a classless move, one likely perpetrated by A-Rod's agent, but certainly given the green light by the third baseman himself.

And yet, here it is mid-November, and hijo pródigo A-Rod and the Yanks are back at the table. It's all sorts of amusing, really. This morning, it hit newswires that negotiations mediated by Goldman Sachs (NYSE: GS) officials have resulted in a new contract for the clutch player who isn't. Reportedly, A-Rod wanted to restart negotiations with the team, but chose to use a third party (Goldman representatives) instead of his agent, Scott Boras.

Corporate governance experts will tell you that executives generally perform best when their interests are aligned with those of their shareholders -- a CEO who owns a big chunk of stock tends to be more concerned about the interests of investors. After all, he is one! But does the same idea apply to baseball players?

Alex Rodriguez's super agent Scott Boras is said to be looking for a 10-year, $300 million deal for the star, and The Wall Street Journal has an idea (subscription required) for a novel way for a team to come up with the cash:

That is an awful lot for any team without the Yankees' payroll to commit to. But what if, as with a Wall Street firm, a chunk of it came in the form of equity? Such risk-sharing might be attractive for some team owners, though the compensation might need to be deferred to comply with league rules...

It sounds like an interesting idea. It might encourage Rodriguez, who has developed a reputation for being enigmatic at time, to engage in PR activities and really add value to the team, on and off the field.

It's probably a long shot, but definitely interesting to think about.

Yesterday, during the Boston Red Sox' sweep of the upstart and exciting Colorado Rockies, crybaby extraordinaire Alex Rodriguez decided it was "the time" to announce he was opting out of his contract with the New York Yankees and filing for free agency. He had to make a decision within 10 days after the World Series ended, not within 10 minutes of the start of Game 4.

What a selfish, self-centered you-know-what. This guy is a total and complete goofball. Sure his stats are fearsome, but he has never won at any level a championship. He had great numbers on flailing Seattle Mariner and Texas Ranger teams, but both rarely played .500 ball. After four seasons with the Yankees, Mr. No-October has taken the chicken's way out. The attempt to upstage the Red Sox and Rockies should not be forgiven nor forgotten by the baseball brethren.

This guy comes to New York and played next to Derek Jeter -- a real ball player. Jeter will never hit the home runs that A-Rod does -- Jeter has 195 career home runs in 12 seasons, compared to Rodriguez's 500 and some. But Jeter has won more games than A-Rod ever will. Derek Jeter may be one of the most clutch players and hitters to ever play the game. Jeter may go 0-4 in a game but make a diving stop at shortstop to kill an opponent's rally. Jeter may get the stolen base at the right time to start a rally: Jeter will sacrifice himself and hit the ball to the right side to move a teammate. Bottom line, Jeter is the complete player. With him, it's all about team.

With A-Rod -- it's all about him. In the playoffs, Rodriguez has been a total and miserable failure. Jeter is clutch. In the playoffs, year-in and year-out, Derek Jeter is the toughest out. Rodriguez is 0-18 in the playoffs with runners in scoring position: the ultimate barometer.

The Boston Red Sox won the World Series last night, so what is the baseball world buzzing about today? In the same way that the antics of train wrecks like Britney Spears steal headlines away from others with worthy accomplishments, we are writing about the Yankees and their messy divorce from future Hall-of-Famer Alex Rodriguez. Yesterday, A-Rod's agent, Scott Boras, announced that the third-sacker would take his option to terminate his 10-year, $252 million contract early and put himself up for auction.

In the typical classy Yankee way, Steinbrenner the Lesser, Hank, took the opportunity to blast the player, telling the New York Daily News, "He doesn't understand the privilege of being a Yankee on a team where the owners are willing to pay $200 million to put a winning product on the field."

After years of being crucified by the New York press, fans and front office for failing to hit enough to overcome a minor-league starting rotation and a gaggle of overpaid, over-aged teammates, who wouldn't want out?

The question now is who will step forward to pay A-Rod more than his previous contract? No other team enjoys the Yankees' attendance or media income. Fortunately, we're not talking Wall Street, but baseball, and business economics are not its forte. Remember that A-Rod signed his huge contract with Texas, who, when they came back to their senses and realized they couldn't cover that salary, were forced to deal him to New York while agreeing still to cover part of his salary.

Boras, known as the superagent, is too shrewd to make such a move without confidence that a least a couple of teams will contend to sign the best player in baseball. The Chicago Cubs could use his talents, although last year's signing of Alfonso Soriano tied up a lot of Chicago's cash. The Cubs could also go on the block soon, as well, and a lot of debt might not help that.

When Barry Bonds broke Hank Aaron's all-time record for home runs, it ignited a debate: How much was the historic baseball worth, and how much would it sell for? BloggingStocks writer Tom Barlow asked the question, "What is it really worth?"

To Barlow, it's worth nothing. Bonds is a cheater. But I have another take on it, and one that ties into the way I look at stocks. When investing, I want to buy a company with some kind of moat: If the moat surrounding the value of the Bonds ball is however many homers Bonds will finish his career with, how wide is that moat? Not too wide. Here are some people who have a shot at breaking the record:

• Alex Rodriguez
• Albert Pujols
• Ken Griffey, Jr. (This is a long shot but would be the feel-good story of all-time)

I am willing to make a bet: Whoever pays $400K+ for the Bonds ball will, in 10 years at the most, own a home run ball hit by a steroid-tainted baseball player who, in addition to being among the most hated people in all of sports, is also number two on the all-time list for home runs.

Whether you're buying a baseball or a stock, you want to look for a durable moat. I don't think the Bonds ball has that, and I'd be shorting it here.

Walt Disney Corp. (NYSE: DIS), Comcast Corp. (NASDAQ: CMCSA) and Time Warner Inc. (NYSE: TWX) may be tempted to pick up the Yankee Entertainment & Sports Network, the cable TV channel that broadcasts the baseball team's games which Bloomberg News said could be worth as much as $2 billion.

The channel, whose owners include Goldman Sachs Group Inc. (NYSE: GS) and former New Jersey Nets owner Raymond Chambers, is "running a limited check" and would only consider selling if it got a price "reflecting its real value," spokesman Peter Rose told Bloomberg. Funny guy to be quoted in a baseball story. I guess anything is for sale at the right price. What an original concept.

It will be an interesting test of wills between Disney's ESPN and Comcast. ESPN remains a juggernaut for the house that Mickey built. Comcast is trying to challenge ESPN with its Comcast SportsNet channels including the one I watch in Philadelphia that broadcasts Phillies games.

Remember, we're talking about the Yankees here, one of the most recognized though not necessarily loved franchises in baseball. New Yorkers, though, continue to love their Bronx Bombers even though they have struggled this year.

But the time the YES network is sold, however, slugger Alex Rodriguez will have left the Big Apple for parts unknown. With $2 billion in the bank, I'm sure the team could afford to replace him.

Pitching, pitching, and more pitching. That's what teams sought most at Thursday's Major League Baseball draft at The Walt Disney Company (NYSE: DIS)'s Wide World of Sports in Orlando. Dreams do come true, especially if you're a southpaw.

Top pick David Price of Vanderbilt, selected by the almost hometown Tampa Bay Devil Rays, is sure to quickly reap the rewards of his talents, since he is represented by Scott Boras. That would be the same Scott Boras who helped Alex Rodriguez secure the largest contract in professional sports history, the 10-year $252 million deal he signed heading into the 2001 season with the Texas Rangers. Price was one of seven lefthanders selected by baseball's 30 teams in the first round of the draft.

Overall, 17 of the 30 were hurlers. Young baseball talent isn't surrounded with the level of hoopla that goes with college players heading for the National Football League or National Basketball Association drafts. But the money will still be there for those lucky enough to hear their names Thursday. Last year's top pick, pitcher Luke Hochevar, also a Boras client, signed with the Kansas City Royals for a reported $5.3 million plus a $3.5 million bonus. Two years ago, it was shortstop Justin Upton, taken with the top pick by Arizona. The Diamondbacks finally signed him to a deal that included a $6.1 million bonus payable over five years.

David Price is sure to garner similar dollars from the moribund Devil Rays, who dream about not finishing last in the American League East.