Murray Chass has some serious inside baseball reporting today. The whole thing's worth a read, but here are the key sentences:
"A person with knowledge of [Giambi's] contract said that before they signed off on his seven-year, $120 million deal, the Yankees acquiesced to Giambi's request and removed all references to steroids from the guarantee language routinely included in contracts.
"They wanted Giambi badly enough that they relinquished the right to suspend him or stop payment on the contract or terminate the contract or convert it into a nonguaranteed contract if he was found to use steroids."
As far as I know, this is the first time this has been reported. Is that right? If so, it's stunning that it took the sports media 2+ months (since the grand jury testimony leaking) to find this out and/or report it.