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Dec 7, 2006 8:57 pm US/Pacific

Bonds, Giants Agree On $16M, 1-Year Deal

NEW YORK (AP) ― Barry Bonds is staying with the San Francisco Giants.

A source familiar with negotiations tell The Associated Press that both parties reached agreement tonight on a $16 million, one-year contract.

The source says the deal includes four performance bonuses that could make the pact worth a total of $20 million.

While Oakland, San Diego, St. Louis and other teams showed interest in signing the 42-year-old free agent, the Giants had been considered the front-runners to re-sign the controversial slugger.

Bonds has 734 home runs and is 22 from breaking Hank Aaron's career record. He has played 14 seasons for the Giants and is coming off a $90 million, five-year contract.

(© 2006 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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