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A-Rod and Yankees have outline of $275 million, 10-year deal


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NEW YORK (AP) -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.Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.

November 15, 2007 at 17:51 PM ET
<-- San Diego Padres ace Jake Peavy wins NL Cy Young Award in unanimous vote
Barry Bonds indicted on perjury, obstruction charges -->

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