NEW YORK (AP) _ Yankees co-chairman Hank Steinbrenner says the team has agreed to a $155 million, seven-year contract with prized Japanese pitcher Masahiro Tanaka.
Along with the contract, first reported by Fox, the Yankees must pay a $20 million fee to the Japanese team of the 25-year-old right-hander, the Rakuten Golden Eagles.
Tanaka caps an offseason that saw the Yankees add Jacoby Ellsbury, Brian McCann and Carlos Beltran.
Steinbrenner said Wednesday that ``we had to make sure we had enough pitching to go together with our new lineup.''
Big league teams had until Friday to reach an agreement with Tanaka, who was 24-0 with a 1.27 ERA last year as the Golden Eagles won the Japan Series title.