Jason Giambi Reaches Agreement With A’s

6:50pm: Mike Puma of the New York Post says the deal is for one-year at $4.5MM with a $5MM club option ($1MM buyout) for 2010. The physical is scheduled for tomorrow.

5:50pm: Ken Rosenthal wrote earlier today that the the A’s have reached a preliminary agreement on a one-year contract with Giambi and the deal is at the finish line, pending a physical.

TUESDAY, 9:54am: Olney says Giambi is on the verge of agreeing to a deal with the A’s worth $6.5MM guaranteed – $5.25MM in ’09 plus a $4MM 2010 option with a $1.25MM buyout.  Quite affordable!

In an article posted several hours ago, Susan Slusser wrote:

A team source said Monday that the A’s are moving toward completing a deal…A major-league source said there’s widespread belief that a package already is in place and that an announcement could be imminent.

Slusser says the A’s could still add another free agent if the price is right, but Mark Mulder is just a "vague possibility."

MONDAY, 3:38pm: According to ESPN’s Buster Olney, the A’s have made significant progress in their talks with Jason Giambi.  He says a deal appears imminent.  Mychael Urban heard today that the A’s could sign Giambi this week, possibly for one year with an option.