Mike Mussina and the New York Yankees have agreed to a two-year, $22.5 million contract extension, the New York Post reported, citing unnamed industry sources.

 

Mussina, 38, was 15-7 with a 3.51 ERA for the Yankees last season. The team had until Wednesday to exercise a $17 million option, which carried a $1.5 million buyout, or renegotiate with the right-hander.

 

A 16-year veteran, Mussina has a career 239-134 record with a 3.63 ERA and 2,572 strikeouts for the Yankees and Baltimore Orioles. He is a five-time All Star.

 

The Yankees, who lost out to the rival Boston Red Sox in the bidding for the right to deal with Japanese right-hander Daisuke Matsuzaka, are in the midst of remaking their pitching staff.

 

In the past week they have dealt Jaret Wright to the Orioles for right-handed releiver Chris Britton -- agreeing to pay $4 million of Wright's $7 million salary in the bargain -- and sent disgruntled outfielder Gary Sheffield to the Detroit Tigers for three pitching prospects.

http://sports.espn.go.com/mlb/news/story?id=2662633

 

Not suprising.

 

His salary again is indicative of how much pitching is going to cost.

I like Moose at $22 better than El Duque at $12, but that's just me.

I like Moose at $22 better than El Duque at $12, but that's just me.

 

can't disagree.

 

I think this is a reasonable salary for a marque pitcher

The Yankees never learn. I expect a huge splash of a free agent pitcher to come with this, watch.

Moose is probably the only yankee pitcher I like to watch. Was he going to be a FA afte the '07 season?

Moose is probably the only yankee pitcher I like to watch. Was he going to be a FA afte the '07 season?

 

I believe not. He was going to command too much, so the Yankees declined his option and made him another contract offer before a given deadline. I guess it worked out great for them, he took a huge paycut, and now one of the top pitchers in the free agent market is going to wear pinstripes.