The Los Angeles Dodgers and star outfielder Matt Kemp are on the verge of signing an eight-year, $160 million deal, according to a tweet from Buster Olney of ESPN.com.
The deal will reportedly be announced Monday afternoon, according to ESPN.
Kemp, who isn’t eligible for free agency until after the 2012 season, would secure the largest payout in Dodgers' franchise history if the deal goes through.
In his best season-to-date, the 27-year-old hit .324/.399/.586 and led the league with both 39 home runs and 126 RBI. He also stole 40 bases, falling just one home run shy of joining the elite 40 stolen base and 40 home run club.