(The Sports Xchange) - The New York Yankees agreed to acquire National League MVP Giancarlo Stanton from the Miami Marlins in a blockbuster trade, according to multiple reports on Saturday.
The two teams reached terms for a deal pending final approval from the 28-year-old Stanton under the terms of his no-trade clause. The trade approval is expected to be a formality.
Yankees infielder Starlin Castro and minor league prospects would be traded to Miami as part of the deal, according to reports.
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The news comes a day after the St. Louis Cardinals and San Francisco Giants both announced they agreed to deals to acquire Stanton, but he declined to waive his no-trade clause.
Talks between the Yankees and Marlins picked up Friday after two more teams dropped out of the running for the superstar. New York and Miami re-engaged in talks earlier in the week, according to ESPN.
The Cardinals and Giants both targeted Stanton from the time that new Marlins ownership -- led by former Yankees great Derek Jeter -- made it known they wanted to move Stanton to help slash payroll. He is owed $295 million over the next 10 years with an opt-out clause in 2021.
Stanton, who hit 59 home runs for the Marlins this past season, will be joining another slugger in the Yankees outfield -- American League Rookie of the Year Aaron Judge, who hit 52 homers in 2017.
The interest from the Yankees was a bit of a surprise since owner Hal Steinbrenner publicly declared his team's payroll will remain below the $197 million luxury tax.
Stanton led the majors during his MVP season in home runs (59), RBIs (132), extra-base hits (91) and slugging percentage (.631). In his eight seasons with the Marlins, Stanton is a .268 hitter with 267 homers and 672 RBIs.