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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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