The Yankees have officially signed outfielder Jacoby Ellsbury to a seven-year contract, the team announced. The deal will pay him $148M over the seven years and includes a $21M club option ($5M buyout) for an eighth year, so the total guarantee is $153M. Ellsbury will be introduced during a press conference at Yankee Stadium on Friday.
The 40-man roster is now full, so the Yankees will have to clear a spot when the Carlos Beltran deal becomes official. Given their glut of outfielders, Vernon Wells could very well get the axe.