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Martin Signs One-Year Contract With Yankees as Posada Retires

Jan. 25 (Bloomberg) -- Catcher Russell Martin agreed to a one-year contract with the New York Yankees to avoid salary arbitration the same day Jorge Posada announced his retirement.

The team didn’t disclose terms of Martin’s agreement yesterday. The New York Times reported it is worth $7.5 million, with the possibility of $100,000 in performance bonuses.

Martin, 28, batted .237 with 18 home runs and 65 runs batted in during 125 Major League Baseball games last season, his first with the Yankees. He tied Alex Avila of the Detroit Tigers with a major league high 40 baserunners caught stealing.

Over his 792-game career with the Los Angeles Dodgers and Yankees, Martin has a .267 batting average with 72 home runs and 365 RBIs.

Posada, a Puerto Rico native, retires with a .273 career batting average, 275 home runs and 1,065 runs batted in. He won five World Series championships with the Yankees, the only team the long-time catcher played for in 17 major league seasons.

Posada said he told his agents not to consider offers from other clubs to extend his career.

“It wasn’t in me,” he said. “I knew in my heart and I knew in my head that I really didn’t want to play any more.”

To contact the reporter on this story: Nancy Kercheval in Washington at nkercheval@bloomberg.net

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

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