Yankees Sign Posada – 4 Years, $52.4MM

Mark Feinsand has the scoop: the Yankees beat the buzzer and signed Jorge Posada to a four-year, $52MM contract.  Omar Minaya was ready to pounce, but Brian Cashman got it done.  Posada jumps above Ivan Rodriguez as the game’s highest-paid catcher.

The Yankees probably could’ve signed Posada for three years, $30MM back in February.  His huge season cost them big-time, though it’s still slightly less than I expected.

Feinsand also says re-signing Mariano Rivera is something that should happen this week.

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