The New York Yankees made another big splash in free agency Wednesday morning, when it was reported that they had reached an agreement with Japanese pitcher Masahiro Tanaka.
According to Fox Sports' Ken Rosenthal, the deal is for seven years and worth $155 million, with an opt-out clause after the fourth year. The Associated Press reported Yankees co-chairman Hank Steinbrenner confirmed the deal.
Tanaka was the most coveted free agent pitcher this offseason when it was announced that he was looking to jump to MLB. Tanaka went 24-0 in 28 games last season for the Tohoku Rakuten Golden Eagles, throwing 212 innings and striking out 183 with an ERA of 1.27.
The Yankees had already landed several free agent stars this offseason, including catcher Brian McCann and outfielders Jacoby Ellsbury and Carlos Beltran.