The Oaland Raiders and rookie runningback Darren McFadden have reached an agreement that is rumored to be worth $60 million, with $26 million guaranteed over the next 6 years. 

Signing him only a week into June will be huge when it comes to his ability to perform this season for the Raiders.  Last year it took well into week 1 of the regular season for the overall pick in hte NFL Draft quarterback JaMarcus Russell to agree to a contract.

McFadden's agent, Ian Greengross has been in Alameda, California since Wednesday night meeting with Raider officials.

The Raiders will hold a press conference at 2 p.m. ET on Friday to formally announce the deal. McFadden and coach Lane Kiffin are expected to attend.