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The Yankees sign Masahiro Tanaka to a $155 million deal

Jan 22, 2014, 9:53 AM EDT

And now, the big news we’ve been waiting for:

The Yankees officially announced the Tanaka signing this afternoon.

Many, including this writer, assumed the Dodgers were the front-runners. But that’s what one gets for assuming. The Yankees, of course, have always been mentioned as a strong possibility as well. New York provides a huge platform, the Yankees have deep pockets and, of course, Tanaka’s agent Casey Close is also Derek Jeter‘s agent, providing a long track record of business dealings between him and the Yankees brass.

This puts to an end the Yankees’ alleged goal of getting the payroll below $189 million and thus avoiding luxury tax payments. But that’s Hal Steinbrenner’s problem, not Yankees’ fans. More important to them is that the Yankees now have a front line starter to go along with CC Sabathia at the top of the rotation. If Tanaka can come anywhere close to approximating his work in Japan and if Sabathia regains his old form, the Yankees’ 1-2 punch will be hard to match.

As for what he did in Japan: a 99-35 record with a 2.35 ERA and 1,238 strikeouts against 275 walks in 1,315 innings pitched across seven seasons. In 2013 he was 24-0 with a 1.27 ERA and a 183/32 K/BB ratio in 212 innings, leading the Rakuten Golden Eagles to the NPB World Series title.

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