Report: Rodriguez agrees to massive deal

NEW YORK, Nov. 15 (UPI) -- Alex Rodriguez and the New York Yankees have reportedly agreed to a framework that could lead to the largest sports contract in history.

The New York Daily News reported that Rodriguez will likely sign a deal worth $275 million over 10 years.

It appeared the superstar third baseman would no longer be with the Yankees after he opted out of the remaining three years of his previous contract with the team.

That made him a free agent and allowed him to negotiate with any team in the majors, but he indicated he would like to stay with New York if a deal could be arranged. Rodriguez met with the sons of Yankees owner George Steinbrenner during the past week.

The Daily News report said that while language in the contract must be made final, it is expected to include incentives concerning the career home run record currently owned by Barry Bonds.

Rodriguez hit 54 homers last season with 156 RBI and batted .314. But he struggled in the playoffs and the Yankees were eliminated in the first round for the third straight year.