According to Heyman, the current dollar amount of the contract is upwards of $160 million, and it could reach record-breaking levels before he eventually signs. The current record for an MLB pitcher was the seven-year, $161 million contract that CC Sabathia signed with the New York Yankees over the 2008 offseason.
Sources have told Heyman that the contract could end up surpassing $175 million.
The Greinke signing has become the Rangers' top priority this offseason, even putting negotiations with Josh Hamilton on hold while they try to sign Greinke. The Rangers can only afford to sign two major free agents this offseason, so Greinke's decision will affect a number of other targets that the Rangers are looking at during free agency.