Masahiro Tanaka to Yanks for $155M
ABC News - about 3 years
NEW YORK -- The Yankees spent much of 2013 scouting right-hander Masahiro Tanaka in Japan. After seeing him go 24-0 with a 1.27 ERA, they came away convinced his stuff would translate to the major leagues. On Wednesday, before Tanaka has thrown a major league pitch, they confirmed their conviction by signing the 25-year-old starter to a seven-year contract. Tanaka's deal is worth $155 million, his agent, Casey Close, confirmed to ESPNNewYork.com. The contract includes an opt-out clause after the fourth year. The Yankees will pay Tanaka's Japanese team, the Rakuten Golden Eagles, a $20 million posting fee. The Yankees' offseason plan since the beginning of their organizational meetings in October was to go on a spending spree while also trying to drop payroll beneath the $189 million tax threshold for 2014. The Yankees have spent $491 million, which includes $153 million for Jacoby Ellsbury, $100 million (including his option) for ...
ABC News article