Published on Jan 22, 2014
Masahiro Tanaka has decided to sign with the New York Yankees, a source confirmed to ESPN's Buster Olney.
Tanaka's deal with the Yankees is worth $155 million over seven years and includes an opt-out clause after the fourth year, according to the source.
Tanaka's agreement with the Yankees was earlier reported by Fox Sports.
Yankees Rotation With Tanaka
Masahiro Tanaka joins a Yankees staff that will likely feature CC Sabathia, Hiroki Kuroda, Ivan Nova and David Phelps in the starting rotation for the 2014 season.
Starter 2013 IP 2013 ERA
Masahiro Tanaka 212* 1.27*
CC Sabathia 211 4.78
Hiroki Kuroda 201 1/3 3.31
Ivan Nova 139 1/3 3.10
David Phelps 86 2/3 4.98
* = With Rakuten Golden Eagles
-- ESPN Stats & Information
Tanaka, 25, went 24-0 with a 1.27 ERA in the Japanese League last season and is considered by many to be a top-of-the-rotation starter.
Under new rules set this offseason, the Yankees also owe a $20 million posting fee to the Rakuten Golden Eagles, Tanaka's team in Japan. The right-hander was still under contract with the Eagles for two more years.
Tanaka will join a revamped roster with the Yankees, who also have signed outfielder Jacoby Ellsbury, catcher Brian McCann and slugger Carlos Beltran to lucrative contracts this offseason.
New York, which missed the postseason for just the second time since 1995 this past year, added some much-needed talent to its rotation, which previously had been led by aging veterans CC Sabathia and Hiroki Kuroda.