|If he pitches, Rivera is not expected to work for anyone but the Yankees. (US Presswire)|
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Rivera made $15 million last year, but estimates for a new offer are closer to $10 million. The Yankees could add incentives that could boost his base pay.
It's like Derek Jeter, too. The Yankees hold leverage because they know Rivera won't pitch elsewhere.
Rivera, 43, is also coming off season-ending knee surgery. Rivera recently told Yankees GM Brian Cashman he wanted to come back to pitch next year.
Bob Klapisch in the Bergen Record first raised the idea that Rivera would have to take a cut.
The Yankees made the $13.3 million qualifying offer to Rivera's replacement Rafael Soriano, but he isn't seen as especially likely to accept it. The Yankees might be willing to give Soriano a two-year deal, but there's no certainty they'll work out a deal with him.