2:26pm: Buster Olney says they've reached an agreement on an eight-year deal worth more than $170MM.
Aside from the Red Sox, the Brewers and Blue Jays also lose here. Their draft picks from the Yanks for C.C. Sabathia and A.J. Burnett are bumped to the second and third rounds, respectively.
So lets say Tex gets 175 Million/8 years
CC got 161/ 7 years
Burnett Got 82.5/5 years
Thats 418,500,000 on 3 damn players.
Are we ready for a salary cap yet...Anyone? I'm sure glad we are not in AL East. Must suck for Baltimore and Toronto fans knowing you never are going to have a shot the next 5 years. If no cap, just put the Yankees, Red Sox, Mets and Cubs all in the same division and let them just bid the crap out of each other.
In a unrelated note, Leatherpants just got sticky because he now gets to move on to Adam Dunn.
On the bright side, maybe we can get ourselves a deal on Nick Swisher. Surely the Yanks will look to move him now. I say a bullpen arm and a mid-level prospect will be enough to pry him away. He would fit in our outfield.