Mariano Rivera is going to be the Yankees' closer for two more years, according to a baseball official with knowledge of negotiations between the team and the player's agent.
On Thursday night the Yankees and Rivera's agent, Fern Cuza, were putting the finishing touches on a contract that will be for around $30 million.
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"There are a lot of steps in the process, from agreeing to something in principle to getting the physical done. There are a lot of steps in the process," Yankees GM Brian Cashman said Friday morning when asked if the Rivera deal was done. "Until all those things are covered, I'm not in a position to say."
Los Angeles Angels GM Tony Reagins refused to verify an SI.com report that the Angels had offered Rivera a contract.
"That's just part of the rumor mill," Reagins said. "I'm not confirming or denying it."
Regardless if there was an offer or not, Rivera, who just turned 41, came off an excellent season in which he saved 33 games and had a 1.80 ERA.
The Yankees wanted him back. The only question during the negotiation was whether the deal would be for one year with an option or for two years. Since Rivera had leverage, he was able to get two years guaranteed.
Last season, Rivera made $15 million per season, making him the highest-paid closer in baseball history. He will make either the same amount or slightly more when the ink is dry on the deal.
The Yankees could announce that the deal is official as soon as Friday.
Andrew Marchand covers the Yankees for ESPNNewYork.com.
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