Giambi's agent issues first statement since steroid report

NEW YORK -- Jason Giambi's agent said the New York Yankees first baseman appreciated the support of fans, though he didn't address a report last week that said his client told a grand jury he used steroids.

Arn Tellem, who had not returned phone calls seeking comment since the report of Giambi's testimony, issued a one-paragraph statement Monday.

"Jason Giambi is an extremely dedicated athlete and a caring and loyal teammate," Tellem said. "Jason loves the game of baseball, the Yankees, and the extraordinary New York Yankees fans. Jason has always appreciated the steadfast support of the fans who have been there through good times and bad. He is determined, focused and working hard to return to form in 2005 and help the Yankees get back to the World Series."

Yankees lawyers are investigating whether the team can terminate Giambi's contract, nullifying all or part of the $82 million he is owed over the final four seasons of his $120 million, seven-year deal.