The Yankees have won the Tanaka sweepstakes, dropping $155M for the Japanese phenom
The Yankees have agreed to a 7-year deal with Japanese sensation Masahiro Tanaka worth $155 million.
This means that the Yankees have now spent $438 million combined this offseason on Tanaka, Brian McCann, Jacoby Ellsbury and Carlos Beltran. Any hopes of them creeping under the luxury tax threshold may have been dashed by this and the other signings, no matter what happens with Alex Rodriguez and his $25M in 2014.
Tanaka went 24-0 in the Japanese league in 2013, and had a 1.27 ERA for the Rakuten Golden Eagles, whom he led to a championship. His contract has an out clause after 4 years, so if he thinks he can make a few more dollars, he can enter free agency after the 2017 season.
We'll see if Tanaka can deliver on his huge potential and provide the Yankees with the premier front-line starter that they desperately need, following the decline of CC Sabathia.