ESPN's Buster Olney reports that, according to sources, before A-Rod opted out of his deal, the Yankees were told that they would need to make an offer that would bring his total contract (including the three years left on it) up to $350 million total, just to meet with him.

Let's do some math. He had three years and $81 million left on his current deal. That's an average of $27 million a year. The article doesn't say how long the extension would be for. But, we can say it would be for more than 5 years, as that would make the extension pay an average of $53.8 million a year (though, I wouldn't put it past Boras). Peter Abraham said that it was presumably for an eight year extension. OK, so that would make the extension worth an average of $33.625 million a year. That would make the total contract worth $350 million over eleven years. That's $31.818 million a year.

Then, you factor in the $21 million that we had coming from Texas and that makes the contract worth, to us, $329 million over eleven years. That makes the yearly average of the deal $29.909 million a year.

Knowing all of this, it will be interesting to see how it plays out from here.