And you thought Jim Hendry was crazy for what he gave Alfonso Soriano. Apparently, Barry Zito has rejected offers from the Texas Rangers and is likely to sign with the Giants.

A diary on the McCovey Chronicles mentions that the deal could be for 7 years and $126 million dollars.

No source is quoted so take that for what it’s worth. Regardless, this seems to be where Free Agency is headed and it is something that Major League Baseball needs to get under control or they risk completely pricing out small teams with low payrolls from the entire market.

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Joe Aiello is the founder of View From the Bleachers and one of the lead writers. Growing up in Chicago, he fondly remembers attending games in the bleachers before that was the popular thing to do. Currently Joe resides in North Carolina with his wife and three kids and helps people protect their assets as an independent insurance agent. Connect with Joe via Twitter / Facebook / E-mail