Report: Yankees are “going to be bold” in bidding for Masahiro Tanaka

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We’ve known for quite some time that the Yankees are expected to bid on Japanese right-hander Masahiro Tanaka, but Jeff Passan of Yahoo! Sports hears from sources that they are willing to go to great lengths in order to land him:

Sources with knowledge of the Yankees’ plans said they are “going to be bold” in bidding on the 25-year-old right-hander when the Rakuten Golden Eagles post him, likely later this month. Just how high the Yankees plan on going is unclear, but executives believe the winning bid for the rights to negotiate a contract with Tanaka will top $75 million, nearly a 50 percent premium over the posting fees for Yu Darvish and Daisuke Matsuzaka.

While a posting fee in the range of $75 million would establish a new record for a player coming over from Nippon Professional Baseball, it would not count towards a team’s luxury tax, which obviously appeals to the Yankees. Of course, the two sides would still have to agree on a contract, and we can probably expect something similar to the six-year, $60 million deal the Rangers gave to Darvish.

As Passan notes, the interesting angle with Tanaka is that we’re not sure how the posting process will work this time around, as MLB and NPB are currently negotiating on changes which could allow for the player to have more control on where they’ll end up. George A. King III of the New York Post reported earlier today that a resolution could still be “several weeks away.” The Yankees appear willing to outbid everyone in order to get their man, but the timing could complicate some offseason plans.

Reds ink Oliver Perez to a minor-league deal

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The Reds have signed free agent reliever Oliver Perez to a minor-league contract, the team announced Saturday. The deal comes with a major-league invite and could be worth $1.25 million if Perez secures a roster spot this spring, with an additional $500,000 in potential performance bonuses.

Perez, 36, is coming off of a two-year run with the Nationals. He produced a 4.64 ERA, 3.3 BB/9 an d10.6 SO/9 through 50 relief appearances and 33 innings with the club in 2017. The veteran lefty hasn’t kept an ERA under 4.00 in at least four seasons, but he continues to be undeniably solid against left-handed batters, holding them to a .227/.301/.364 batting line over 18 1/3 innings last year.

While returning southpaw Wandy Peralta appears to have locked down a bullpen spot already, Perez will still compete for another role against fellow left-handers Cody Reed and Amir Garrett, both of whom also have experience in the rotation. If Perez doesn’t break camp with the team, MLB.com’s Mark Sheldon notes, he’ll be permitted to opt out of his contract. The Reds are currently looking to bounce back from a dismal performance in 2017, one in which their bullpen ranked 28th among major league teams with a collective 5.63 ERA and -1.2 fWAR.