Major League Baseball has suspended Alex Rodriguez through the remainder of this season and all of 2014, pending appeals, for his involvement with performance enhancing drugs and Biogenesis.

"I am disappointed with the penalty and intend to appeal and fight this through the process," Rodriguez said in a statement. "I am eager to get back on the field and be with my teammates in Chicago tonight. I want to thank my family, friends and fans who have stood by my side through all of this."

Rodriguez avoided the speculated lifetime ban and is expected to appeal the ruling. Under Major League Baseball rules, he can continue to play during the appeals process.

If the ruling is upheld, he will miss around 200 games and not be eligible to play again until 2015. He will also lose around $34 million.

Rodriguez was part of a group of 13 players suspended by Major League Baseball on Monday.