Buster Olney's got the scoop on Alex Rodriguez:
"The offer could be for something in the range of five years -- beyond the three years Rodriguez is already under contract for, from 2008-10 -- and perhaps $30 million a year."
If somehow you're behind in the A-Rod times, catch up here. Since that post, the Yankees have requested a meeting with their third baseman sometime before his deadline (10 days after the end of the World Series) to announce whether he will opt out or not.
If the Yankees make this offer, it would be to retain the talent in light of Brian Cashman's firm stance that if A-Rod opts out then the Yankees will not negotiate. Also, the offer will prevent $21.3 million still due on A-Rod's contract in subsidy from the Texas Rangers from slipping away. Whether or not it signifies that other teams would be able to approach this record offer remains up for speculation.
$150MM extension would net A-Rod a colossal $230MM over the next 8 years. That's up from his current $25.2 million to $28.75 million/year, edging out Roger Clemens' $28 million one-year contract.
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