This from espn.com:
With the hiring of Piniella, it is understood that the Cubs will expand their payroll, which was close to $100 million in 2006. Depending on how much they want to spend, the Cubs are one of the few teams capable of taking on (Alex) Rodriguez’s salary. He is owed $95 million for the remaining four years of the landmark 10-year, $252 million deal, he signed with Texas. The Yankees are responsible for paying $66.6 million; the Rangers are paying the other $28.4 million.
Need I say more?