The New York Daily News is reporting that Jorge Posada has re-signed with the New York Yankees for a contract reportedly worth four years at 52 million dollars a year.
Mark Feinsand and Bill Madden have the exclusive:
"Jorge Posada, the 36-year-old free agent catcher, will remain a Yankee, sources familiar with the negotiations told the Daily News Monday night.
After being schmoozed by Mets general manager Omar Minaya Monday afternoon during a lengthy lunch at Le
Cirque, Posada and his agents finally received the offer from the Yankees they had been hoping for all along.
The Yankees offered Posada a four-year, $52 million contract - the same deal they gave both Johnny Damon and Hideki Matsui two years ago - to remain in pinstripes. The deal will become official pending a physicial and final contract language being ironed out.
In a lunch meeting with Brian Cashman on Friday, Posada and his wife, Laura, made it clear to the Yankees’ GM that they were seeking a four-year contract.
Cashman had been holding firm to the team’s original three-year, $40 million offer throughout the negotiations, but after mulling over the issue this weekend, Cashman, Hank and Hal Steinbrenner agreed during a morning conference call yesterday that they would give Posada the fourth year."
Kudo's to Chris for the Scoop.
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