Yankees sign Tanaka to 7-year, $155 million deal

Yankees sign Tanaka to 7-year, $155 million deal
January 22, 2014, 10:00 am
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The Red Sox had discussions with free agent Japanese pitcher Masahiro Tanaka, but he'll be making his home elsewhere in the AL East: New York.

According to Ken Rosenthal of FoxSports.com, Tanaka has signed a seven-year deal with the Yankees worth $155 million. Tanaka also has the ability to opt-out of his new contract after his fourth year.

The deal makes Tanaka the fifth-highest paid pitcher in baseball behind only Los Angeles' Clayton Kershaw, Detroit's Justin Verlander, Seattle's Felix Hernandez and Tanaka's new teammate CC Sabathia.

The Yanks shelled out $20 million to pay the posting fee for Tanaka, putting their total expenses for Tanaka's services at $175 million.