A-Rod, Yankees Agree on $275 Million Deal

NEW YORK (AP) Alex Rodriguez and the <a href="http://newyork.yankees.mlb.com/index.jsp?c_id=nyy" target="_blank">New York Yankees</a> have agreed to the outline of a $275 million, 10-year contract, a deal

Thursday, November 15th 2007, 12:29 pm

By: News On 6

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.