LOS ANGELES, California (X17online) - Yankee's superstar Alex Rodriguez and his wife Cynthia have reached a multi-million dollar settlement in their contentious divorce proceedings, the New York "Daily News" is reporting.

"Cynthia and Alex Rodriguez have amicably resolved their dissolution of marriage proceedings," Cynthia's attorney Maurice Jay Kutner said in a statement. "They deliberately engaged in a private negotiation, which was their stated desire from the beginning. It was and remains a personal family matter for both of them. All of their decisions were based upon and guided by the best interests of their daughters."

No financial details were released, but Cynthia had been asking for spousal and child support to "maintain the high standard of living" she and the Yankee's third baseman were accustomed to. Alex had been seeking joint custody of the couple's two daughters, 3-year-old Natasha and Ella who is 5 months old. The couple also owns a multi-million dollar oceanfront home in Miami.

Cynthia Rodriguez filed for divorce earlier this year after media reports surfaced impling a relationship between Alex and pop singer Madonna. Both Madonna and Rodriguez denied those reports.