Yankees, Mariano Rivera Nearing Deal

3:15pm: Jack Curry of the YES Network has heard Rivera's salary could end up in the $10-11MM range and Jon Paul Morosi of FOX Sports hears it'll be a $10MM deal (Twitter links).

2:20pm: The Yankees are finishing off a contract with closer Mariano Rivera and expect to complete a deal by tomorrow, Jayson Stark of ESPN.com reports. SFX represents Rivera, who missed most of the 2012 season with a torn ACL.

The sides have agreed on the parameters of a one-year deal, and have worked today to agree on Rivera's salary and incentives. The deal is expected to guarantee Rivera $11-12MM and include incentives that could bring the total value of the deal to $15MM, Stark reports.

Rivera, who turns 43 today, appeared in just nine games before tearing his ACL in May. He considered retirement after his two-year, $30MM contract expired before deciding to return. Rivera, the all-time leader in saves, has remained effective beyond his 40th birthday. He posted a 1.87 ERA with 7.8 K/9 and 1.5 BB/9 from 2010-12, his age 40, 41 and 42 seasons.

If the Yankees can complete a deal with Rivera, they will have addressed one of the most pressing needs. They have already re-signed Andy Pettitte and Hiroki Kuroda.