According to CBSSports.com, Gardner's new deal begins in 2015 and buys out the first four years of his free agent eligibility. It also includes a fifth-year club option for $12.5 million, according to the YES Network.
Gardner, 30, batted .273 with 33 doubles, an American League-best 10 triples, eight home runs, 52 RBI, 81 runs and 24 stolen bases in 2013. He has played center field, but with the signing off Jacoby Ellsbury, he will move back to left field.
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The Los Angeles Angels and outfielder Mike Trout are negotiating a six-year, $150 million contract extension, Yahoo Sports reported.
Trout, 22, is not eligible for salary arbitration until next season and is under team control through the 2017 season. He is due to make less than $1 million this year.
Trout batted .323 with 39 doubles, nine triples, 27 home runs, 97 RBIs, 109 runs and 33 stolen bases in 2013. He finished second behind Detroit Tigers first baseman Miguel Cabrera in voting for the American League MVP in each of the past two years.
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Colorado Rockies right-hander Jhoulys Chacin is experiencing right shoulder inflammation and will undergo an MRI on Monday. He is expected to miss at least a week.
Chacin has not thrown a full side session and has been limited to long-tossing this spring.
Trainer Keith Dugger said the injury is not related to the pectoral nerve injury that caused Chacin to miss much of the 2012 season when he made 14 starts and pitched 69 innings.
Dugger said Chacin's current injury is inflammation of the right biceps tendon with the irritation near the rotator cuff.
Chacin went 14-10 last year with a 3.47 ERA over a career-high 197 1/3 innings.
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Australian organizers of Major League Baseball's season-opening series between the Los Angeles Dodgers and Arizona Diamondbacks are upset about comments made by Dodgers pitcher Zack Greinke, who said he is not thrilled about the trip, according to reports.
The Sydney Morning Herald reported that Australian officials reached out to the Dodgers and MLB for an explanation.
The March 22-23 series will be played at the Sydney Cricket Ground, with Greinke likely to pitch one of the games.
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Babe Ruth's pocket watch from the 1923 World Series sold at an auction in New York on Saturday for $717,000.
The pentagonal, 14-karat gold watch was purchased by a telephone bidder, according to ESPN.com. Heritage Auctions, which administered the auction, said the buyer requested anonymity.
The timepiece was part of a set given to the Yankees after they beat the New York Giants in the 1923 World Series.
Ruth batted .368 and hit three home runs in the series. It was the first of the Yankees' 27 World Series championships.