Yankees and Mariano Rivera agree to one-year, $10 million deal

Here is an update from the last post. Mariano Rivera and the Yankees have gotten past parameters and have agree to a deal worth $10 million plus incentives for next year, according to Jon Heyman of CBS Sports.

That’s actually a little bit less than the $11-$12 million ESPN had previously been reporting. This means the Yankees can head into the Winter Meetings with all of their in house business taken care of and they can focus on replacing their catcher and right fielder.

Rivera, who turned 43-years-old on Thursday, missed most of last season after suffering a torn ACL while shagging fly balls during batting practice. He had a 2.16 ERA with a 8.6 K/9 and 2.2 BB/9 in nine games before getting hurt. He was paid $15 million for that as part of a two-year, $30 million deal that just expired. The Yankees offered him a pay cut because of his age and uncertainty following major knee surgery.

With Rivera back in this mix this doesn’t necessarily mean that Rafael Soriano is done with the Yankees, but it does make it more unlikely he’ll come back now. Brian Cashman has insinuated that the Yankees wouldn’t want to pay him as a closer to be their setup man and rumor has it that while he is seeking a four-year deal, they are only willing to offer as many as two years.

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2 Responses to Yankees and Mariano Rivera agree to one-year, $10 million deal

  1. Mark Panuthos says:

    Huge week. We signed two over-40 pitchers.

    I think "Old Timers Day" at Yankee Stadium is going to be quite confusing for the fans.

  2. Mike says:

    Wow, 43 years old with a one year 10-12 million contract. Who among us doesn't love Mo? But to spend that kind of money on a guy who is at the end of his rope is insanity. Will Mo be effective? Probably, but not to the tune of that kind of money. Robertson and Chamberlain would be just as effective I suspect.