It seems very likely that the Yankees will sign Kei Igawa to serve as their fifth starter. According to Igawa’s agent Arn Tellem:
"We are making good progress. However, I do not anticipate reaching a deal this week."
The two parties still have nearly two weeks left to negotiate. Igawa cost a hefty $26MM posting fee. The AL East has recruited all the major Japanese talent this year, with Matsuzaka, Igawa, Iwamura, and Okajima all ending up in the division. The inevitable Matsuzaka/Igawa pitching matchup should be a fun one.