Alex Rodriguez notified the Yankees on Sunday that he's opting out of the final three years of his $252 million contract, SI.com's Jon Heyman is report.

His agent seemingly confirms it. "Alex made the decision today," Boras said. "I thought we should notify the club." We're very surprised to see A-Rod taking this step without first seeing what the Yankees had to offer. If the Bombers maintain the stance they've been adamant about the whole way, then A-Rod is through in the Bronx. With no money coming over from the Rangers to supplement his current salary, the Yankees won't bid for A-Rod, they've said repeatedly. It's expected that the Red Sox will be among the bidders for Rodriguez. Boras is banking on a bidding war that will result in a $30 million-per-year deal.