The Philadelphia Phillies have reached a preliminary agreement with outfielder Raul Ibanez on a $31.5 million, three-year contract.
Ibanez will receive a $2 million signing bonus, payable this year, a $6.5 million salary next season and $11.5 million each in 2010 and 2011.
The agreement is subject to Ibanez passing a physical, two people familiar with negotiations said Friday, speaking to The Associated Press on condition of anonymity because the contract was not yet finalized.
The 36-year-old, who …
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