The biggest free agent chip has landed in the Bronx as C.C. Sabathia has agreed to a 7-year, $160 million deal, accroding to ESPN.com.

While a deal is not yet done, a source told ESPN.com's Jayson Stark there are "zero major road blocks" that would prevent the Yankees from reaching agreement with Sabathia. Not all terms of the deal are agreed to yet, the source indicated. Sabathia also would need to take a physical.

The New York Post first reported Wednesday that Sabathia, the prize of this year's free-agent class, had decided to go with the Yankees after fielding offers from a number of teams. 

Sabathia is just 28, and last year between the Indians and Brewers he went 17-10 with a 2.70 ERA. The previous season he won the AL Cy Young. Now he is the first major new piece to be put into the new Yankee Stadium.

OTHER HEADLINES:

• Nationals ready to make run at Teixeira - LA Times
• Indians close to signing Wood - MLB.com
  
• Yankees nearing deal for Lowe - SI.com
• Four teams still in mix for Furcal - FOXSports.com
• Obstacles remain for Cubs' acquiring Peavy - Chicago Sun-Times

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