Masahiro Tanaka to sign 7-year, $155 million deal with Yankees: Report

Masahiro Tanaka has decided to sign with the New York Yankees, a source confirmed to ESPN's Buster Olney.

Tanaka's deal with the Yankees is worth $155 million over seven years and includes an opt-out clause after the fourth year, according to the source.

The deadline for signing the prized 25-year-old righthander is Friday.

Tanaka was 24-0 with a 1.27 ERA, 0.94 WHIP and 183 strikeouts in 212 innings last season for the Rakuten Golden Eagles. In his seven-year career in Nippon Professional Baseball, Tanaka was 99-35 with a 2.30 ERA and 1.11 WHIP.

As part of the new posting system, the Yankees also owe the Golden Eagles a $20 million posting fee. Not only that, but the Yankees have now surpassed the $189 million luxury tax threshold, so you know they really wanted him.

Here's the projected 2014 Yankees starting lineup once the deal is finalized:

L CC Sabathia

R Hiroki Kuroda
R Masahiro Tanaka
R Ivan Nova
R Michael Pineda/ R David Phelps