LOS ANGELES (CBSLA.com) — The Arizona Diamondbacks have signed pitcher Zack Greinke, according to multiple reports.

FOX Sports’ Ken Rosenthal first reported the agreement via twitter.

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The deal is pending a physical, but it looks like the Diamondbacks have signed the Cy-Young runner up to a six-year contract worth over $206 million.

Greinke’s contract sets a new MLB record for average annual value, at $34.2 million per year.

The Dodgers home opener for the 2016 season is against the Diamondbacks.

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Dodgers president Andrew Friedman issued the following statement: “We made a very strong offer to retain Zack, but clearly he found a deal fit better for him and his family. We are now hard at work on our alternatives. We wish Zack, Emily and Bode all the best going forward.”

Greinke’s contract is worth more than all major-league free-agent contracts the Diamonbacks handed out in the last eight years combined.

The Dodgers will receive a compensatory first or second round pick from the Diamonbacks as a result of the signing.

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Check back for updates, this is a developing story