The Associated Press

IRVING, Texas - The Colorado Rockies on Tuesday agreed to a tentative deal that would send Larry Walker to Arizona in a five-player trade in which the Diamondbacks would give up Matt Williams.

Arizona also would send first baseman Erubiel Durazo, outfielder David Dellucci and reliever Bret Prinz to Colorado for the 1997 National League MVP.

Walker and Williams, both five-time All-Stars, must waive no-trade clauses for the deal to be completed. Diamondbacks owner Jerry Colangelo said the teams were granted a 72-hour window Tuesday to finalize the swap.

Walker has said he is likely to waive his no-trade clause. Colangelo said he didn't know if Williams, who lives in the Phoenix area, would waive his.

"We're very sensitive to Matt's desires," he said.

Williams, 36, is owed $10 million next year, of which $5 million is deferred at 6 percent interest. Walker, 35, is owed $38.5 million - salaries of $12.5 million in each of the next three seasons, plus a $1 million buyout of a $15 million mutual option for 2006. Both $6 million of his 2003 salary and the buyout will be deferred at 5.14 percent interest.

Williams, who has missed 292 games the past three seasons because of injuries, hit .260 this year with 12 homers and 40 RBI in 215 at-bats. He broke his left leg and dislocated the ankle on Feb.25 and didn't return until July 11.

Walker, a three-time NL batting champion, hit a team-high .338 this year with 26 homers and 104 RBI in 477 at-bats, and he has averaged 30 homers, 90 RBI and a .340 batting average in seven seasons with Colorado.