The agreement is in place - Inside the DodgersQuote:
The face-to-face meeting took place early this morning -- VERY early, apparently. There is now an agreement in principle on a two-year, $45 million contract, with the final hurdle of Manny passing a physical exam. Once that happens, he'll sign the contract and report to spring training, guessing he'll be here tomorrow morning. Ned Colletti and Joe Torre, who went to Los Angeles for the meeting with Manny and McCourt, are on their way back here to Glendale now.