The Los Angeles Dodgers and free agent Zack Greinke have reportedly reached an agreement on a six-year, $147 million contract, via Jon Heyman of CBS Sports. The deal is pending a passed physical.

Once the deal is made official, Greinke would be on the receiving end of the largest contract ever signed by a pitcher in terms of annual average salary. The deal would pay the right-handed starting pitcher $24.5 million per season, which would surpass CC Sabathia's annual record of $24.4 million he received from the New York Yankees.

Greinke found himself as the beneficiary of clearly being the top free agent available this offseason while also creating a bidding war between the Dodgers, whose new ownership has shown a proclivity for free-spending, and his other potential suitors, including the Texas Rangers.

Los Angeles now has two former Cy Young winners in their starting rotation with left-handed ace Clayton Kershaw being the other.