The Yankees sign Masahiro Tanaka to a $155 million deal

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And now, the big news we’ve been waiting for:

The Yankees officially announced the Tanaka signing this afternoon.

Many, including this writer, assumed the Dodgers were the front-runners. But that’s what one gets for assuming. The Yankees, of course, have always been mentioned as a strong possibility as well. New York provides a huge platform, the Yankees have deep pockets and, of course, Tanaka’s agent Casey Close is also Derek Jeter’s agent, providing a long track record of business dealings between him and the Yankees brass.

This puts to an end the Yankees’ alleged goal of getting the payroll below $189 million and thus avoiding luxury tax payments. But that’s Hal Steinbrenner’s problem, not Yankees’ fans. More important to them is that the Yankees now have a front line starter to go along with CC Sabathia at the top of the rotation. If Tanaka can come anywhere close to approximating his work in Japan and if Sabathia regains his old form, the Yankees’ 1-2 punch will be hard to match.

As for what he did in Japan: a 99-35 record with a 2.35 ERA and 1,238 strikeouts against 275 walks in 1,315 innings pitched across seven seasons. In 2013 he was 24-0 with a 1.27 ERA and a 183/32 K/BB ratio in 212 innings, leading the Rakuten Golden Eagles to the NPB World Series title.

Johnny Cueto expected to opt-out of his deal after the season

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Johnny Cueto signed a six-year $130 million deal with the Giants prior to the 2016 season. In his first season he went 18-5 with a 2.79 ERA and 198 strikeouts in 219.2 innings, helping lead the Giants to the playoffs. This season has been rocky for Cueto — he’s got a a 4.42 ERA in 15 starts and has battled blisters — but they’ve been far rockier for the Giants overall, as they sit in last place in the NL West and have the second worst record in baseball.

Many suspect that the Giants will either rebuild or, at the very least, restructure some in response to this nightmare year. If so, they’re likely going to be doing it with Cueto, who Jon Heyman reports is going to opt-out of his deal:

San Francisco Giants starting pitcher Johnny Cueto is planning to opt out of his contract at the end of the year, but he would listen to any extension offer . . . Cueto has $84 million to go over four years. It would probably take an injury or major slump for Cueto not to opt out. But it makes sense that he will.

Heyman says the Giants are not inclined to give him an extension, so expect to see Cueto on the free agent market three days after the World Series ends, which is the deadline for him to exercise his opt-out rights.

The Dodgers are concerned about Julio Urias’ shoulder

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Things are going great for the Dodgers lately. They’ve won seven consecutive games and 13 of their last 14. They lead the National League in wins and are in first place in, arguably, the best division in baseball.

But there are a lot of moving parts on a baseball team, and even when some things are going great, other things can go not-so-great. Like this:

Urias has been diagnosed with shoulder inflammation and shut down indefinitely. An MRI last week showed no structural damage, but his shoulder is still bothering him. He has not pitched in the bigs since late May, when he allowed seven runs in less than three innings against the Miami Marlins. He was sent down after that and went 3-0 with a 3.12 ERA, six walks and 17 strikeouts in 17.1 innings pitched in three starts with Oklahoma City before being shelved.