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NEW YORK (AP) - Hideki Matsui's agent and the New York Yankees neared agreement Monday on a four-year contract worth about $50 million.
Arn Tellem and Yankees general manager Brian Cashman faced an end-of-Tuesday deadline to reach a deal. Matsui's first contract with the Yankees states that if there is no agreement by then, New York must place the outfielder on unconditional release waivers, which would mean the Yankees could not re-sign him until May 15.
Matsui is coming off a three-year contract that guaranteed him $21 million, and Cashman and Tellem have been optimistic about striking a deal by the deadline. Matsui hit .305 with 23 homers and 116 RBIs last season.
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