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.

Yankees activate Giancarlo Stanton

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The New York Yankees have activated Giancarlo Stanton. He’ll be in the lineup in tonight’s game against the Rays.

Stanton has been on the injured list since April 1 due to a left biceps strain and a left shoulder strain sustained in what Aaron Boone called a “funky swing” at the time. He began a rehab assignment in late May, had it halted due to injury, and resumed it recently. He’s been swinging the bat well during his most recent stint, socking four homers in ten games.

That pop will be welcome. The Yankees have weathered Stanton’s injury — and injuries to Aaron Judge and scads of other players — but a team can’t defy gravity forever. At some point you need your established threats back. With Stanton coming back tonight, Judge coming back later this week and with the addition of Edwin Encarnación in that trade with Seattle, the Bombers should continue to hit bombs throughout the summer.