According to numerous reports, Masahiro Tanaka has agreed to a 7 year, $155 million contract with an opt out after four years.
This blows away the speculated 6 years, $120 million figures and the new posting system that caps the posting fee at $20 million has immediately paid dividends to the player.
Yu Darvish signed for $56 million guaranteed with a $51 million posting bid. Boy am I glad that process existed for Yu.
Tanaka is now one of the highest paid pitchers in baseball history without throwing a single pitch in major league baseball and the Yankees previous stated goal of getting under the Competitive Balance Tax threshold seems impossible.