The two sides have agreed on the parameters of a one-year deal, the official said, and spent Thursday trying to finish off final details of Rivera’s salary and incentives.
The report also says that Mo would probably earn $11-12M which would be a pay cut but the deal would have incentives that add up to the $15M he made last season.
UPDATE: From the Twitter account of Jon Morosi:
Source: #Yankees, Mariano Rivera are on verge of one-year, $10 million contract. @MLBONFOX