NY Yankees Re-Sign Relief Pitcher Mariano Rivera to Two-Year Contract

Reliever Mariano Rivera remained with the New York Yankees, signing a two-year contract to join shortstop Derek Jeter as members of the team’s so-called Core Four veteran All-Stars to sign new deals.

The signing of Rivera, the American League’s career saves leader with 559, was announced yesterday by the Yankees in a news release one day after they were spurned by free-agent starter Cliff Lee.

The $30 million contract will give Rivera $15 million in each of the next two seasons, the Associated Press reported. Rivera, 41, an 11-time All-Star, also made $15 million in each of the past three seasons.

The right-hander has been with the Yankees since 1995 and their top reliever since 1997. With a pitching arsenal built around a cut fastball that can break bats in two, Rivera has helped the Yankees to five World Series championships.

This past season, Rivera recorded 33 saves in 61 appearances, with a 3-3 record and a 1.80 earned run average. He is second in Major League Baseball history to Trevor Hoffman’s 601 regular-season saves. His 42 saves and 0.71 ERA are both postseason records. His career ERA of 2.23 is the lowest among active major leaguers with a minimum of 1,000 innings pitched.

Photographer: Elsa/Getty Images

Mariano Rivera #42 of the New York Yankees. Close

Mariano Rivera #42 of the New York Yankees.

Photographer: Elsa/Getty Images

Mariano Rivera #42 of the New York Yankees.

Core Four

He is one of four players who have been at the heart of the Yankees’ run of success since the mid-1990s, with playoff berths every year but one since Rivera’s rookie season.

Catcher Jorge Posada has a year left on his contract, and the Yankees are waiting to hear if left-handed starting pitcher Andy Pettitte wants to return or retire.

Jeter, the Yankees’ 36-year-old team captain, agreed on a contract that will keep him in pinstripes as he chases his 3,000th career hit next season and on through at least 2013. Jeter’s contract is worth between $15 million and $17 million annually, according to the New York Times.

Major League Baseball reported on its website yesterday that the Yankees had agreed to terms with free-agent catcher Russell Martin, 27, who hit .248 with five home runs and 26 runs batted in during an injury-shortened 2010 season for the Los Angeles Dodgers.

While the negotiations with Jeter were publicly contentious, with agent Casey Close and Yankees General Manager Brian Cashman exchanging barbs, the re-signing of Rivera had just one question -- whether he would stay in the Bronx for one more year or two.

Lee, the most sought-after pitcher on the free-agent market, has agreed to sign with the Philadelphia Phillies instead of the Yankees or Texas Rangers, said a Major League Baseball official who requested anonymity because the deal isn’t complete.

To contact the reporter on this story: Larry Siddons in New York at lsiddons@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.