New York Yankees, Masahiro Tanaka agree to $155M, 7-year deal - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Yanks, Masahiro Tanaka agree to $155M, 7-year deal

Posted: Updated:

NEW YORK (AP) - The New York Yankees and prized Japanese pitcher Masahiro Tanaka agreed Wednesday to a $155 million, seven-year contract.

In addition to the deal with the pitcher, the Yankees must pay a $20 million fee to the Japanese team of the 25-year-old right-hander, the Rakuten Golden Eagles.

Tanaka caps an offseason that saw the Yankees add Jacoby Ellsbury, Brian McCann and Carlos Beltran. The four big deals totaled $438 million.

"We're going to do what we've got to do to win," Yankees co-chairman Hank Steinbrenner told The Associated Press in a telephone interview. "We had to make sure we had enough pitching to go together with our new lineup."

Big league teams had until Friday to reach an agreement with Tanaka, who was 24-0 with a 1.27 ERA last year as the Golden Eagles won the Japan Series title.

His agreement, first reported by Fox, allows him to terminate the deal after the 2017 season. Tanaka receives the highest contract for an international free agent and the fifth-largest deal for a pitcher, trailing only those of the Los Angeles Dodgers' Clayton Kershaw ($215 million), Detroit's Justin Verlander ($180 million), Seattle's Felix Hernandez ($175 million) and the Yankees' CC Sabathia ($161 million under his original agreement with New York).

Tanaka joins Sabathia, Hiroki Kuroda and Ivan Nova in a rotation where the fifth starter's job appears to be open.

His deal pushes the Yankees' payroll for purposes of the luxury tax over $203 million. Barring trades, there is little chance New York will get under the $189 million tax threshold.

Yankees managing general partner Hal Steinbrenner had been saying for two years that getting under the tax threshold in 2014 was a goal but wouldn't get in the way of fielding a contending team.

"There has been criticism of myself and my brother the last couple years that, gee, if our dad was still in charge, we'd be spending this and spending that and doing whatever it takes to win," Hank Steinbrenner said, referring to late Yankees owner George Steinbrenner.

"He didn't have revenue sharing, at least for most of his time," Hank Steinbrenner added. "That's what these people in the sports media don't seem to get. If it wasn't for revenue sharing, we'd have a payroll of $300 million a year if we wanted to. So we're doing this despite having to pay all that revenue sharing."

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow Us!

Share Your Sports Photos & Video

Submit Your Sports Photos
  • SportsMore>>

  • Time for starters to get looks as Hawks host Bears

    Time for starters to get looks as Hawks host Bears

    Friday, August 22 2014 8:17 PM EDT2014-08-23 00:17:46 GMT
    All James Carpenter wanted was to be able to run. That seems an odd wish coming from a 6-foot-5, 321-pound offensive lineman.
    All James Carpenter wanted was to be able to run. That seems an odd wish coming from a 6-foot-5, 321-pound offensive lineman.
  • White Sox recall INF Carlos Sanchez

    White Sox recall INF Carlos Sanchez

    Friday, August 22 2014 5:56 PM EDT2014-08-22 21:56:42 GMT
    The Chicago White Sox have recalled infielder Carlos Sanchez from Triple-A Charlotte to take the roster spot of recently traded second baseman Gordon Beckham.
    The Chicago White Sox have recalled infielder Carlos Sanchez from Triple-A Charlotte to take the roster spot of recently traded second baseman Gordon Beckham.
  • Arrieta leads Cubs past Orioles 4-1

    Arrieta leads Cubs past Orioles 4-1

    Friday, August 22 2014 5:55 PM EDT2014-08-22 21:55:18 GMT
    Jake Arrieta shut down his former team, holding Baltimore to four hits in seven innings and Javier Baez homered again as the Chicago Cubs beat the Orioles 4-1 on Friday.
    Jake Arrieta shut down his former team, holding Baltimore to four hits in seven innings and Javier Baez homered again as the Chicago Cubs beat the Orioles 4-1 on Friday.
Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices