Rivera Will Accept Yankees' $45M Offer

Rivera, who turns 38 on Nov. 29, gets an average salary more than $4 million above what any other reliever currently makes.

Rivera's agreement is pending a physical. The Yankees also have a preliminary agreement on a $52.4 million, four-year contract with catcher Jorge Posada and are trying to finish off a record-setting $275 million, 10-year deal with Alex Rodriguez, who won his third AL MVP award Monday.

"We've got everybody back," Yankees senior vice president Hank Steinbrenner said. "It's good to have both Jorgie and him back."

Rivera was coming off a three-year contract that paid him $31.5 million. He had hoped for an extension before the start of this season, but the Yankees decided not to discuss contract extensions with any of their players until after the 2007 season was over.

At the start of spring training, Rivera said he would test the market if he became a free agent.

"Everybody has the same shot," he said then. "The Yankees will not have an advantage."

But the Yankees spoke loudly with their aggressive offer.

"Mariano is obviously someone that we can't live without because he's one of a kind and he's so unique in what he does for us," Rodriguez said during a conference call after he won the AL MVP award for the third time. "He's such an unbelievable force in our clubhouse. In many ways he's kind of the voice for a lot of people in there."

Next, New York hopes Andy Pettitte will decide to pitch for the Yankees in 2008. Pettitte turned down a $16 million player option, saying he needed more time to decide whether he wanted to play or retire.

"If we get Andy, there's no question that we'll have better pitching than last year. We may have better pitching, anyway, but certainly with Andy back we will," Steinbrenner said. "And of course, we've got the same lineup, which was a killer lineup. Everybody knows that."

New York has not yet announced its agreement with Posada or a $4 million, two-year contract with backup catcher Jose Molina.

"We'll keep doing whatever we're going to do to improve," Steinbrenner said. "The offseason isn't over yet."

New York remains interested in Johan Santana. The two-time AL Cy Young Award winner is eligible for free agency after the 2008 season, and teams expect the Minnesota Twins to make him available if they can't work out an extension.

By retaining Rivera, the Yankees can proceed with their plan to have Joba Chamberlain in the starting rotation. Chamberlain was Rivera's primary setup man late in the season.

Rivera had been in the Dominican Republic last week while the Yankees waited for word on whether he would accept.

"I was certainly hopeful," Steinbrenner said. "It's a good offer and an offer that was made because I wanted him back."

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