News broke out today that the New York Yankees have signed Japanese pitcher Masahiro Tanaka. The Yankees were in a bidding war with the likes of the Dodgers, and Cubs for the services of the 25 year old pitcher.

They didn't get him cheap either. Tanaka agreed to a 7-year, $155 million deal, which is quite the sum for a pitcher who has never thrown a pitch in Major League Baseball. The Yankees also have to fork over around $20 million in a posting fee to get him.

The right handed pitcher went 24-0 with a 1.27 ERA in starts, and helped the Rakuten Golden Eagles win the Japan Series last year.

With the signing of Tanaka, the Yankees have now spent approximately $465 million this offseason between Tanaka, Carlos Beltran, Brian McCann, Jacoby Ellsbury, and re-signing Hiroki Kuroda.
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