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Pavano signs for just under $40M

Updated: December 23, 2004, 6:26 PM ET
Associated Press

New York Yankees: Right-hander Carl Pavano and the Yankees finalized their $39.95 million, four-year contract on Wednesday.

Pavano, who turns 29 on Jan. 8, was among the most sought-after free-agent pitchers. He told his agent, Scott Shapiro, on Dec. 11 to work out a contract with the Yankees.

"I know the team I'm going to have behind me is going to be competitive every year," Pavano said.

He joins holdovers Mike Mussina and Kevin Brown on a rebuilt Yankees rotation. New York ...

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