The headline says it all. Mark Feinsand adds some details:
According to sources, the All-Star closer is now demanding a fourth year from the Yankees, who have already extended a three-year, $45 million offer to Rivera that would make him by far the highest-paid closer in baseball.
The $45 million offer drew criticism from Major League Baseball executives in charge of monitoring salaries and payrolls, as sources said that Yankee executives Hal Steinbrenner and Randy Levine were admonished during yesterday’s owners’ meetings in Florida for drastically upping the market for relievers. That criticism figures to be further incentive for the Yankees to stand firmly behind the three-year offer, and it could dissuade other teams from topping it – something that was unlikely to take place anyway.