The person spoke on condition of anonymity Sunday because no announcement was authorized.
The Yankees were not told the exact length of the suspension, but were left under the impression it will be through the 2014 season, the person said.
Rodriguez could get a shorter penalty for violating baseball’s drug agreement if he gives up the right to file a grievance and force the case before an arbitrator, the person added.
MLB planned an announcement at noon Monday, a second person familiar with the deliberations said, also on condition of anonymity because no statements were authorized.
In all, 14 players faced discipline following baseball’s probe of the Biogenesis of America anti-aging clinic.