With a little more than two days to spare in his 30-day signing period, Masahiro Tanaka agreed to a seven-year contract worth $155 million with the Yankees on Wednesday. Add the $20 million release fee and the team's total financial commitment is $175 million. Needless to say, the new posting system inflated his salary substantially.
Now that Tanaka is off the board, the rest of the pitching market should begin to take shape. Interest in Matt Garza, Ubaldo Jimenez and Ervin Santana figures to heat up and all three could sign within a week or two. Pitchers and catchers are due to report in only three weeks or so, after all. Here's a recap of Wednesday's hot stove news.
FREE AGENT SIGNINGS
Yankees: Signed RHP Masahiro Tanaka to a seven-year, $155 million contract. The deal includes an opt-out clause after the fourth year.
Athletics: Designated OF Corey Brown for assignment, the team announced. The move opens a 40-man roster spot for O'Flaherty.
Red Sox: Designated RHP Brayan Villarreal for assignment, the team announced. The move clears a 40-man roster spot for Sizemore.
Yankees: Designated LHP David Huff for assignment, the team announced. The move opens a roster spot for Tanaka.
Angels: GM Jerry Dipoto confirmed that while they had interest in Tanaka, they never made a formal offer and were never seriously involved. (MLB.com)
Dodgers: They drew a financial line and were unwilling to up their offer. "We went as far as we thought we could go," said GM Ned Colletti. (Los Angeles Times)
RUMORS & SPECULATION
Angels: Dipoto said the Angels are not currently looking for relievers "with closer experience." (Orange County Register)
Orioles: Found an issue in OF Tyler Colvin's physical exam and the deal is on hold for the time being. Their contract with Grant Balfour fell apart a few weeks following a problem with his physical. (ESPN)