The Associated Press reports that according to a person familiar with the negotiations, Jorge Posada has agreed to a four-year, $52.4 million contract with the New York Yankees.

The deal was made just before the exclusive negotiation window closed on Monday night.

The $13.1 million a year average salary makes it the highest per year deal ever for a catcher, topping the one Mike Piazza had while with the Mets from 1999 to 2005.

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