Mariano Rivera’s deal is official and other Yankee signings

It’s official, the Yankees announced that Mariano Rivera has signed a one-year contract to pitch in 2013. The terms of the deal are as follows, per Ken Rosenthal of Fox Sports:

Rivera contract with #Yankees: One year: $10M plus following incentives. $500K for LCS/MVP, $1M for WS/MVP, $1M for winning Rolaids award.

Rivera said in his statement: “I feel like we have…a team that can compete for a championship. I’m not just coming back to play. I’m coming back to win.”

Also coming across the wires otherwise known as Twitter as I was writing this post, the Yankees designated both Mickey Storey and Jayson Nix for assignment to make room for Rivera and righthander Jim Miller on the 40-man roster. Miller was picked up a short time ago from Oakland.

Nix was signed to a $900,000 major league contract and immediately designated for assignment. He agreed to accept the assignment in Triple A and if he clears waivers, he will report to camp in the Spring.

About Stacey Gotsulias

Stacey is co-Editor-in-Chief of It's About The Money and co-host of the It's About The Money, Stupid podcast.

7 thoughts on “Mariano Rivera’s deal is official and other Yankee signings

  1. I thought that NYY didn't do incentives in contracts. When did this begin? With A-Rod?

    • Personally I think he would be looking for to much money as a "reclamation" project. My preference for a true "reclamation" project is Roberto Hernandez (AKA: Fauto Carmona) he should be more then willing to sign a minor league deal with a spring training invite.

      • If the price is right of course but the potential return jair could give is much greater I think than carmona/hernandez.

  2. I like the incentives the Yankees put in Rivera's contract. I hope he earns all of them because of what that obviously means for the Yankees as season as a whole. However, it's probably far more realistic to think that really the LCS/MVP is the only one he has a chance at. I wish Mo and the Yankees the very best and a World Series Championship in 2013.

  3. At 608 career saves it would be nice if Rivera could get another 42 this year and bring his career total to 650 saves. BTW, only 2 other active pitchers have even 300 career saves: Francisco Cordero at 37 years old with 329 and Jason Isringhausen at 40 years old with 300 exactly. Looks like Rivera will be the MLB career saves leader for quite some time.