Alex Rodriguez and the New York Yankees have agreed to the outline of a record 10-year, $275 million contract, a deal that potentially would allow him to earn millions more if he sets the career home run record.

The amount of the guaranteed money was revealed by a person familiar with the negotiations who spoke Thursday on condition of anonymity because the deal hasn't been finalized. A-Rod and his wife met Wednesday in Tampa, Fla., with brothers Hal and Hank Steinbrenner, but the parameters of the agreement were set in place last weekend.

"The meeting was a final get-together," Yankees senior vice president Hank Steinbrenner said. "He wanted to make sure myself and my brother knew that he was sincere and serious."

The Yankees still must draft the agreement with Rodriguez's agent, Scott Boras. Asked whether the only remaining details were putting the deal on paper, Steinbrenner responded: "pretty much so."

Steinbrenner said Rodriguez was given bad advice by Boras during the time before the decision to opt out.

"Boras did a lot of good things for Alex through the years, and Alex knows that. I mean, obviously, he's going to look to Scott's advice on everything," Steinbrenner said. "That's not unusual today. It's not like he's the only one. And if an agent gets out of line or makes bad decisions, then that's going to hurt the player. And obviously, that's one of the things that happened here."

Steinbrenner said he thinks that had Rodriguez tested the free-agent market, he would have gotten a more lucrative contract and cited the interest of the Los Angeles Dodgers, led by new manager Joe Torre, and perhaps other teams.

"There are a few cynics who say, 'Well he really couldn't get this there,'" Steinbrenner said. "Trust me, he would have gotten probably more. He is making a sacrifice to be a Yankee, there's no question. ... He showed what was really in his heart and what he really wanted."

Now that he's staying with the Yankees, will A-Rod get a Yankeeography on YES?

"Well, we'll see," Steinbrenner said, chuckling.