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Yankees and Posada agree to $52.4 million, 4-year contract
By RONALD BLUM, AP Baseball Writer
November 13, 2007
New York Yankees closer Mariano Rivera, left, walks off the field with catcher Jorge Posada after the Yankees beat the White Sox in a baseball game, in this May 16, 2007 file photo in Chicago. The Yankees planned to make a new contract offer to Posada on Monday, Nov. 12, 2007, and were also was trying to re-sign Rivera before Tuesday, when free agents could start talking money with all clubs.
AP - Nov 12, 7:19 pm EST
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NEW YORK (AP) -- The New York Yankees and Jorge Posada agreed Monday night to a $52.4 million, four-year contract that keeps the catcher off the free-agent market.
A five-time All-Star, Posada said Sunday he was "really close" to a deal with the Yankees and his preference was to remain with the only major league team he's played for.
A person familiar with the talks confirmed the deal, speaking on condition of anonymity because the team didn't announce it. The sides were working late Monday on wrapping up details of the agreement, which was first reported by the Daily News on its Web site. Posada must pass a physical before the contract is finalized.
Posada's $13.1 million average salary becomes the highest for a catcher, topping the $10 million Detroit's Ivan Rodriguez and Boston's Jason Varitek currently are guaranteed and the $13 million Mike Piazza averaged under his contract with the New York Mets from 1999-05. Rodriguez will earn $13 million next year, the option season of his contract with the Tigers.
New York also was trying to re-sign Mariano Rivera before Tuesday, when free agents could start talking money with all clubs, but those talks were taking longer to complete.
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Posada and his agents, Sam and Seth Levinson, had lunch Monday with Mets general manager Omar Minaya and vice president Tony Bernazard. The Yankees initially offered the 36-year-old Posada a three-year contract but upped their proposal to four years on Monday evening.
Posada hit a team-high .338 this year with 20 homers and 90 RBIs. He set career highs for average, slugging percentage (.543) and on-base percentage (.426).
The Levinsons also represent Boston third baseman Mike Lowell, and the Yankees already have had dialogue with the pair about the World Series MVP, whose preference appears to be to stay with the Red Sox.
Rivera, an eight-time All-Star who turns 38 on Nov. 29, was in the Dominican Republic on Monday, and the closer said if he couldn't reach a deal with New York, he would consider following manager Joe Torre to the Los Angeles Dodgers. He is expected to receive a three-year contract and Yankees senior vice president Hank Steinbrenner said Rivera already had been given an improved offer.
"The Yankees are my first option," he said in Santo Domingo. "But if that is not possible, there is Joe with the Dodgers."
General manager Brian Cashman said re-signing the pair were his top priorities right now.
"The ball's pretty much in their court now. They've both been made very good offers now, and we'll see where they're at," Steinbrenner said Monday afternoon. "We'll see how committed they are."
Steinbrenner said the Yankees still were trying to gauge what the Florida Marlins might want in a trade for All-Star third baseman Miguel Cabrera, who is being made available.
"We got a couple ideas, what they might be asking for, and it's a lot," Steinbrenner said. "I don't know what's going to happen there, but there's still plenty of time on that."
It's also far too early to determine whether the Minnesota Twins will attempt to trade two-time Cy Young Award winner Johan Santana, who can become a free agent after next season. Steinbrenner said the Yankees certainly would speak with the Twins if he becomes available.
"I think somebody would be foolish to say they have no interest in Santana," he said, "but it depends. It depends on what they're looking for."
By RONALD BLUM, AP Baseball Writer
November 13, 2007
New York Yankees closer Mariano Rivera, left, walks off the field with catcher Jorge Posada after the Yankees beat the White Sox in a baseball game, in this May 16, 2007 file photo in Chicago. The Yankees planned to make a new contract offer to Posada on Monday, Nov. 12, 2007, and were also was trying to re-sign Rivera before Tuesday, when free agents could start talking money with all clubs.
AP - Nov 12, 7:19 pm EST
More Photos
NEW YORK (AP) -- The New York Yankees and Jorge Posada agreed Monday night to a $52.4 million, four-year contract that keeps the catcher off the free-agent market.
A five-time All-Star, Posada said Sunday he was "really close" to a deal with the Yankees and his preference was to remain with the only major league team he's played for.
A person familiar with the talks confirmed the deal, speaking on condition of anonymity because the team didn't announce it. The sides were working late Monday on wrapping up details of the agreement, which was first reported by the Daily News on its Web site. Posada must pass a physical before the contract is finalized.
Posada's $13.1 million average salary becomes the highest for a catcher, topping the $10 million Detroit's Ivan Rodriguez and Boston's Jason Varitek currently are guaranteed and the $13 million Mike Piazza averaged under his contract with the New York Mets from 1999-05. Rodriguez will earn $13 million next year, the option season of his contract with the Tigers.
New York also was trying to re-sign Mariano Rivera before Tuesday, when free agents could start talking money with all clubs, but those talks were taking longer to complete.
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Posada and his agents, Sam and Seth Levinson, had lunch Monday with Mets general manager Omar Minaya and vice president Tony Bernazard. The Yankees initially offered the 36-year-old Posada a three-year contract but upped their proposal to four years on Monday evening.
Posada hit a team-high .338 this year with 20 homers and 90 RBIs. He set career highs for average, slugging percentage (.543) and on-base percentage (.426).
The Levinsons also represent Boston third baseman Mike Lowell, and the Yankees already have had dialogue with the pair about the World Series MVP, whose preference appears to be to stay with the Red Sox.
Rivera, an eight-time All-Star who turns 38 on Nov. 29, was in the Dominican Republic on Monday, and the closer said if he couldn't reach a deal with New York, he would consider following manager Joe Torre to the Los Angeles Dodgers. He is expected to receive a three-year contract and Yankees senior vice president Hank Steinbrenner said Rivera already had been given an improved offer.
"The Yankees are my first option," he said in Santo Domingo. "But if that is not possible, there is Joe with the Dodgers."
General manager Brian Cashman said re-signing the pair were his top priorities right now.
"The ball's pretty much in their court now. They've both been made very good offers now, and we'll see where they're at," Steinbrenner said Monday afternoon. "We'll see how committed they are."
Steinbrenner said the Yankees still were trying to gauge what the Florida Marlins might want in a trade for All-Star third baseman Miguel Cabrera, who is being made available.
"We got a couple ideas, what they might be asking for, and it's a lot," Steinbrenner said. "I don't know what's going to happen there, but there's still plenty of time on that."
It's also far too early to determine whether the Minnesota Twins will attempt to trade two-time Cy Young Award winner Johan Santana, who can become a free agent after next season. Steinbrenner said the Yankees certainly would speak with the Twins if he becomes available.
"I think somebody would be foolish to say they have no interest in Santana," he said, "but it depends. It depends on what they're looking for."
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