A person familiar with the negotiations tells The Associated Press that Mike Trout and the Los Angeles Angels are close to finalizing a $432 million, 12-year contract that would shatter the record for the largest deal in North American sports history.

The deal was disclosed Tuesday by a person familiar with the negotiations who spoke to the AP on condition of anonymity because the agreement had not been finalized and had not been announced.

Trout would top the new $330 million, 12-year contract between Bryce Harper and the Philadelphia Phillies, and his $36 million average annual value would surpass Zack Greinke's $34.4 million in a six-year deal with Arizona that started in 2016.

Progress toward an agreement was first reported by ESPN.

Trout's deal includes a signing bonus and would supersede the $144.5 million, six-year contract that had been set to pay him $66.5 million over the next two seasons.

This story will be updated.

Baseball contracts worth $200 million or more. Figures were obtained by The Associated Press from player and management sources and include all guaranteed income but not income from potential incentive bonuses. There is no distinction for deferred money (x-pending):

Player, Club Years Total
x-Mike Trout, LAA 2019-30 $432 million
Bryce Harper, Phi 2019-31 $330 million
Giancarlo Stanton, Mia-NYY 2015-27 $325 million
Manny Machado, SD 2019-28 $300 million
Miguel Cabrera, Det 2014-23 $292 million
Alex Rodriguez, NYY 2008-17 $275 million
Nolan Arenado, Col 2019-26 $260 million
Alex Rodriguez, Tex-NYY 2001-10 $252 million
Joey Votto, Cin 2012-23 $251.5 million
Albert Pujols, LAA 2012-21 $240 million
Robinson Cano, Sea-NYM 2014-23 $240 million
David Price, Bos 2016-22 $217 million
Clayton Kershaw, LAD 2014-20 $215 million
Prince Fielder, Det-Tex 2012-20 $214 million
Max Scherzer, Was 2015-21 $210 million
Zack Greinke, Ari 2016-21 $206.5 million