Posada Stays With Yanks - Now Highest Paid Catcher

Jorge Posada has agreed to sign on with the New York Yankees for a further 4 years on a $52.4 million deal. In doing so, he will become the highest paid catcher in the major leagues, topping Detroit Tigers' Ivan Rodriguez who will collect $13 million in 2008.

The deal is now pending Posada passing a physical before putting pen to paper.

Mariano Rivera is however, still in talks with the franchise. There has been no agreement thus far with the passing of the Tuesday deadline when free agents will be allowed to discuss financial terms with other teams.

Rivera appears to be keeping his options open. Hoping to secure a multi-year deal, the closer has stated that he will likely follow ex-Yankee manager Joe Torre to the Dodgers should contract negotiations with the Yankees break down.