Buster Olney reports Yanks to offer a record-setting deal.
http://sports.espn.go.com/mlb/news/story?id=3082251
Possibly 5 years, 150m extension (in addition to his 3 years, 81m).
I can't imagine ARod getting more than this in free agency. So if his desire is really to be a Yankee, then he has to accept this offer.