7:15pm: The contract is worth "about" $6.5MM, tweets Feinsand.
6:32pm: It's a one-year deal, tweets Jon Heyman.
6:20pm: Meanwhile, both Ken Davidoff of Newsday (via Twitter) and Mark Feinsand of the New York Daily News (via Twitter) tried to get a confirmation out of Matsui's agent, but he wouldn't Tell-em anything.
6:12pm: Tyler Kepner of the New York Times has received confirmation that the two sides have reached an agreement (via Twitter).
1:21pm: The Angels are in serious discussions with Hideki Matsui for a DH role, reports ESPN's Jayson Stark. Stark's colleague Buster Olney tweeted that he's heard Matsui's one-year deal with the Angels is for about $6.5MM. Olney clarified to me via email that the Angels and Matsui are "on the verge" of an agreement.
Matsui, 35, hit .274/.367/.509 in 526 plate appearances for the Yankees this year, spending no time in the field. He earned $13MM in the last year of a deal signed in November of '05.
Stark notes that a Matsui signing would mark the end of Vladimir Guerrero's Angels career. The Halos ended up paying $77MM for six years of Vlad.