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Jorge Posada Agrees to 4 years 52 Million with Yankees

According to NYDailyNews.com Jorge Posada has resigned with the Yankees. More from the source:

Jorge Posada, the 36-year-old free agent catcher, will remain a Yankee, sources familiar with the negotiations told the Daily News Monday night.

After being schmoozed by Mets general manager Omar Minaya Monday afternoon during a lengthy lunch at Le Cirque, Posada and his agents finally received the offer from the Yankees they had been hoping for all along.

The Yankees offered Posada a four-year, $52 million contract – the same deal they gave both Johnny Damon and Hideki Matsui two years ago – to remain in pinstripes. The deal will become official pending a physicial and final contract language being ironed out.

In a lunch meeting with Brian Cashman on Friday, Posada and his wife, Laura, made it clear to the Yankees’ GM that they were seeking a four-year contract.

Cashman had been holding firm to the team’s original three-year, $40 million offer throughout the negotiations, but after mulling over the issue this weekend, Cashman, Hank and Hal Steinbrenner agreed during a morning conference call yesterday that they would give Posada the fourth year.

It’ll be interesting to see what Posada is like at 39 and 40 years old. I’d say he is a year away from playing first. It wouldn’t hurt the Yankees to move him there now, if they had a replacement. Posada could have asked for more because he was the only option. 60 mil for 4 years would have been in the ballpark.

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