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According to Ken Rosenthal of FoxSports.com, Stanton and the Marlins are currently negotiating a deal worth at least $300 million for at least 10 years. One source told Rosenthal the deal is "in the range of 12 years and $320 million."
The two sides have also discussed shorter deals according to the report.
The largest single contract in sports history is the 10-year, $275 million contract signed by Alex Rodriguez. Miguel Cabrera recently signed a 8-year, $248 million extension that coupled with the two years remaining on his previous contract is worth $292 million.
Stanton still has two more seasons before he is eligible for free agency. However, Stanton has expressed frustration in the past over the lack of commitment the team has shown to putting together a winning team, saying "five months [of winning] doesn't change five years."
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This led to speculation that Stanton could be traded this winter when his value would be highest. However, with attendance lagging in their brand new ballpark, Stanton is one player the Marlins can't afford to let get away.