Outfielder Andrew Benintendi would have joined the Chicago White Sox on Friday.
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Benintendi has accepted a five-year deal that will net him $75 million, according to the ESPN network.
The 28-year-old played 126 games for the Kansas City Royals and the New York Yankees, who signed him at the close of trade last season. He hit a .304 batting average and had five homers and 51 RBIs.
This deal sets a new benchmark for the most lucrative contract the White Sox have offered during the free agency period. He surpasses the four-year, $73 million contract offered to receiver Yasmani Grandal in 2020.
Benintendi was drafted by the Boston Red Sox in 2015 and made his debut for the Massachusetts team in 2016. Two years later, thanks to his defensive play, he won a Golden Glove and won the World Series with the Red Sox.