Financial sanity: catch it!

Ken Rosenthal / FOXSports.com

In yet another eye-popping free-agent signing, the Angels have reached agreement with center fielder Gary Matthews Jr. on a five-year, $50 million contract, FOXSports.com has learned.

The 32-year-old Matthews, who still must pass a physical, is coming off a breakout season in which he batted .313 with 19 homers and 79 RBIs and played stellar defense for the Rangers.

He likely will bat leadoff for the Angels and give them increased athleticism in center field, reducing the defensive burden on right fielder Vladimir Guerrero and left fielder Garret Anderson.