Report: Yankees may jettison Giambi

Baseball Betting Lines

05/20/2007 - New York, NY (Sportsbook Betting Lines) - The New York Yankees are reportedly revisiting the idea of voiding Jason Giambi's contract after the slugger seemingly admitted to USA Today that he once used steroids.

The New York Daily News reported that the Yankees would consider terminating the seven-year, $120 million dollar deal Giambi signed in 2001 if it is determined that he used illegal performance enhancing drugs after he inked the deal.

The paper also reports that the commissioner's office is investigating Giambi's comments to USA Today and will request a meeting with Giambi to discuss the matter.

"I was wrong for doing that stuff," Giambi told a USA Today reporter on May 18. "What we should have done a long time ago was stand up - players, owners, everybody - and said: 'We made a mistake.' We should have apologized back then and made sure we had a rule in place and gone forward...Steroids and all of that was a part of history. But it was a topic that everybody wanted to avoid. Nobody wanted to talk about it."

The Yankees also looked at voiding Giambi's deal in late 2004 after the San Francisco Chronicle reported that the designated hitter told the grand jury investigating the BALCO steroid scandal that he had used steroids and human growth hormone before signing with the Yankees and while playing for them in 2002 and 2003.

Giambi is hitting .268 with five home runs and 18 runs batted in for the wildly disappointing Yankees, who are just 18-23 and 10 1/2 games behind Boston in the AL East.

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