Sources: A's, Giambi near deal

Updated: January 6, 2009, 7:46 PM ET
ESPN.com news services

The Oakland Athletics and free agent first baseman and designated hitter Jason Giambi are on the verge of agreeing on a one-year deal with an option for 2010, sources told ESPN The Magazine's Buster Olney.

The deal would pay Giambi, who started his major league career in Oakland, $4 million in 2009 with a $6.5 million base salary for the option year in 2010. The second year would also provide for a $1.25 million buyout.

"I can confirm that I have spoken with the A's ...

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