From the Associated Press:
Alex Rodriguez and the New York Yankees have agreed to the outline of a $275 million, 10-year contract, a deal that potentially would allow him to earn millions more if he sets the career home-run record.
The amount of the guaranteed money was revealed by a person familiar with the negotiations who spoke Thursday on condition of anonymity because the deal hasn’t been finalized. A-Rod met Wednesday in Tampa, Fla., with the Steinbrenner brothers but the parameters of the deal were set in place last weekend.
“Yeah, I could say that,” Yankees senior vice president Hank Steinbrenner said. “The meeting was a final get-together. He wanted to make sure myself and my brother knew that he was sincere and serious.”
The Yankees still must draft the agreement with Rodriguez’s agent, Scott Boras.
The pieces are starting to fall in place for our rivals to the south. And with the report the Yankees have offered Mike Lowell a 4-year deal, the Yankees are starting to look like the favorites right now in the AL East. But it’s still early in the offseason and many things can change before the start of spring training.
