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.

Report: Orioles to name Brandon Hyde new manager

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Update (8:23 PM ET): MASN’s Roch Kubatko talked to new GM Mike Elias, who said there has been no offer made to Hyde for the position. Elias called the report “premature.”

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The Orioles are expected to name Cubs bench coach Brandon Hyde as the new manager, Joel Sherman of the New York Post reports. Nothing is official yet.

Hyde, 45, spent four seasons in the minors with the White Sox from 1997-2000, then played in the independent Western League in 2001 before calling it quits. He was a coach with the Marlins from 2010-12 and has been with the Cubs since 2013.

Other candidates for the Orioles’ open managerial position have included Pedro Grifol, Chip Hale, Mike Redmond, Mike Bell, and Manny Acta.

Hyde is taking over for Buck Showalter, who was at the helm of the Orioles from 2010-18. Last season, however, the Orioles finished 47-115, the worst record in team history. Hyde will be taking over a team that is rebuilding, so the expectations will be relatively low in his first couple of seasons.