Jun 15, 2006 5:38 AM EST

Esteban Loaiza of the Oakland A's was arrested early Wednesday morning on DUI charges after officers pulled him over for speeding, a California Highway Patrol spokesman said.

CHP Officer Mike Wright said Loaiza was driving his Ferrari in excess of 120 mph about 3:30 a.m. Wednesday on northbound Highway 238 near San Lorenzo when he was stopped.

Loaiza was arrested for reckless driving and driving under the influence when he failed a Breathalyzer test, Wright said.

Loaiza spent the night at North County Jail and will likely face steep fines and probation because of the combined charges, Wright said.

``He is very fortunate nobody got hurt,'' he added.

Via Oakland Tribune