Yankees confirm A-Rod needs surgery on hip
Alex Rodriguez - 3B - New York Yankees
Dec. 3, 2012 - 1:45 PM ET
The Yankees confirmed on Monday afternoon that Alex Rodriguez will have hip surgery in January to repair a torn labrum and bone impingement, and to correct a cyst.
The procedure will take 4-6 months of recovery time, meaning A-Rod can already be ruled out for the start of the 2013 campaign and could be absent until late June. It's a tough blow to the Yankees, who owe the 37-year-old third baseman a whopping $114 million in salary over the next five seasons. They're sure to trade for or sign a third baseman within the next couple of weeks.
Source: Buster Olney on Twitter