's Jerry Crasnick reports that, according to a baseball source, the Yankees have reached a preliminary agreement with free agent pitcher A.J. Burnett. The deal is said to be worth $82.5 million dollars over five seasons.

The article notes that Brian Cashman and Burnett's agent, Darek Braunecker, are working out the final details, but the deal should be good to go by the time Burnett passes a physical.