The person, who wouldn’t say talks had ended entirely, spoke on condition of anonymity to The Associated Press on Sunday because it is an internal matter.
The San Francisco Chronicle was first to report Sunday that the parties were at a standstill.
Oakland won bidding rights to Iwakuma earlier this month and had 30 days to reach agreement on a contract, which no longer seems realistic. The pitcher wanted a total package comparable to the $126 million, seven-year deal signed by San Francisco left-hander Barry Zito before the 2007 season, the source said.
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