Yankees, Matsui nearing agreement

Yankees, Matsui nearing agreement

NEW YORK -- With the deadline to sign Hideki Matsui just one day away, Matsui's agent and the Yankees neared agreement Monday on a four-year contract worth about $50 million.

Arn Tellem, who represents Matsui, arrived in New York this weekend and met with the two-time All-Star on Sunday to discuss the latest developments. Tellem and Yankees general manager Brian Cashman met face-to-face last week at the general managers meetings in Indian Wells, Calif., and spoke again on the phone this weekend.

"The talks have been positive and constructive," Tellem said in an early afternoon e-mail message Monday. "We're making progress."

A stipulation in the three-year, $21 million deal Matsui signed with the Yankees before the 2003 season gives the Yankees until Tuesday to sign Matsui to a new deal or the club is required to release him, making him a free agent. The two sides could choose to push back the deadline, though a deal is expected to be reached in time.

Following the meeting with Matsui, Tellem told the Daily News that Matsui is prepared for whatever may take place this week.

"He was calm, just like he always is," Tellem told the newspaper. "He's comfortable with the situation and is ready for whatever happens."

Mark Feinsand is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.