Via Paul White -
Masahiro Tanaka is headed to the New York Yankees, who are once again spending money with the determination of years past.
Fox Sports is reporting that the prize of this winter’s free-agent class has agreed to terms on a seven-year, $155 million contract with the Yankees, the latest move in a winter of wild spending for the club.
Between outfielders Jacoby Ellsbury and Carlos Beltran, catcher Brian McCann and now Tanaka, the Yankees have expended $438 million in an effort to return to dominance.
That doesn’t include the $20 million posting fee the Yankees must pay to the Rakuten Golden Eagles, Tanaka’s team in Japan.
And though Tanaka has never thrown a pitch in the major leagues, the Yankees did not hesitate to offer him the fifth-largest contract ever for a pitcher.
Their agreement with Tanaka also comes less than two weeks after they had $25 million of 2014 payroll freed with 162 games of slugger Alex Rodriguez’s suspension upheld by an arbitrator.
Is this Cashman/Afterman? Or, is this like the Soriano deal where it was Levine and others? The next few days could be interesting as the story unfolds.