The LoHud Yankees Blog

A New York Yankees blog by Chad Jennings and the staff of The Journal News

Update on Posada and Rivera

Posted by: Peter Abraham - Posted in Misc on Nov 06, 2007 Print This Post Print This Post | Email This Post Email This Post

In speaking to Yankee officials and agents, here is a sense of where things stand with two important players for the Yankees:

Mariano Rivera: By the end of this week, the Yankees could announce a three-year, $40 million deal for their closer. Rivera was dramatically underpaid when compared to some of his teammates, but this would give him an average annual salary of $13.3 million.

Jorge Posada: This could be a wild ride. Posada almost certainly will not sign with the Yankees before Monday and will enter the market. The Mets, Blue Jays and other teams will get to make him offers and drive the price up. Posada told Newsday that he will meet with the Yankees this week and he clearly wants to stay in New York.

But Posada isn’t going to make it easy on the Yankees. The Yankees would like to get him for the same deal as Rivera. But Posada could want a fourth season and closer to $15 million a year.

Look at this way, he made $12 million in 2007. Eight of his teammates made more. Then he had one of the historically best seasons for a catcher in the history of the game.

This is Posada’s chance to cash in and he’s going to take it. I can’t say I blame him.




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