Posada Signs 4 Year Deal
"NEW YORK -- Jorge Posada reportedly has a new contract in hand and is set to stay in Yankees pinstripes.
The New York Daily News and The Associated Press reported late Monday that Posada will accept a four-year, $52 million contract from the club, an increased offer delivered to the catcher's camp just hours before he could have discussed financial terms with other clubs.
The deal matches the dollar amount and length of contracts signed by outfielders Johnny Damon and Hideki Matsui two years ago, and it will become official pending a physical and the completion of final contract language.
Posada, 36, held an impromptu news conference with reporters at Madison Square Garden on Sunday, saying he and the Yankees were "really close" on a new contract as he spoke during halftime of a New York Knicks-Miami Heat game.
After batting a career-high .338 with 20 home runs and 90 RBIs in 144 games for the Yankees this past season, Posada would have been a coveted figure on the free agent market.
He recently said the Mets, Blue Jays and Marlins all had expressed interest. Other notable free agent catchers include Paul Lo Duca, Michael Barrett and Yorvit Torrealba, none of whom came close to matching Posada's production this past season. " Source - MLB.com
Great job by the Yankees locking up Posada. Some may say that it's too much money and years for a 36 year old catcher, but given the alternatives in free agency, the Yankees were smart to overpay in this case. Besides, Posada has been the best catcher in the majors the last few years, and certainly wasn't paid like it. Some of this 13 million per year salary is payment for what he has already done.
With Posada back in the fold, the prospects of bringing Mariano Rivera and Andy Pettitte back to the Yankees look very good right now.
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