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Report: A-Rod, Yankees agree on outline of $275 million, 10-year contract

Updated: November 16, 2007, 12:53 PM ET
Associated Press

NEW YORK -- Alex Rodriguez and the New York Yankees have agreed to the outline of a record $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 and his wife met Wednesday in Tampa, Fla., with brothers Hal and Hank Steinbrenner, but ...

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