Reports: Marlins, Giancarlo Stanton nearing agreement on $325 million deal
0:49 | MLB
Reports: Marlins, Giancarlo Stanton nearing agreement on $325 million deal
Monday November 17th, 2014

The Miami Marlins and outfielder Giancarlo Stanton have a deal in place that will pay Stanton $325 million over 13 years, sources tied to the team told Jon Heyman of CBS Sports on Monday.

The deal will also give Stanton an early opt-out clause and a no-trade provision. According to Heyman's sources, Stanton, 25, would be able to invoke the opt-out clause soon after he turns 30.

The deal exceeds Alex Rodriguez's $275 million contract with the New York Yankees, signed in 2008. Stanton's deal would be the largest in American sports history.

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Stanton just completed his fifth season with the Marlins, batting .288 with an NL-leading 37 home runs this year. He also had 299 total bases, 105 RBI, 24 intentional walks, and a .555 slugging percentage. He has led the NL in slugging percentage twice, this season and in 2012.

He also finished second to Dodgers' pitcher Clayton Kershaw in MVP voting.

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The team, Heyman writes, has been working to shed its reputation as a franchise unwilling to spend money. Miami entered the 2014 season with a $47 million payroll, the second-lowest in the league, behind the Houston Astros.

Once this deal is finalized, the team's future payroll obligations will rise by more than $300 million. The $325 million salary would be more than the Marlins' 2009-2014 payrolls combined.

Heyman reports that the Marlins are expected to hold a press conference "in the middle or later part of this coming week, perhaps Wednesday or Thursday."

- Christopher Woody


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