Report: Rivera is holding out for 4th year guaranteed

11/16/2007 - MLB Mariano Rivera New York Yankees + more

Mariano Rivera is balking on a three-year, $45 million offer from the New York Yankees, and the sides have reached an impasse in talks that have revived the closer's call to seriously pursue other offers, Newsday reported Thursday.

Rivera is holding out for a fourth year guaranteed, but the Yankees aren't interested in allowing an extra year to be worked into the contract given the reliever's age, the newspaper reported.

Joe Girardi, the Yankees' new manager, told the Associated Press Thursday that he expects to have Rivera in pinstripes next season.

"We want to sign Mariano," said Girardi, speaking while on a scouting trip to the team's academy in the Dominican Republic. "I already spoke with him on this trip and I think that there is a good chance that he will return to the team."

Rivera, who turns 38 on Nov. 29, has spent all 13 of his major league seasons with the Yankees and ranks third on the career saves list with 443. He filed for free agency this offseason.

If he accepts the Yankees' deal, Rivera would be by far the highest-paid reliever in baseball.

The pitcher said this week the Yankees are his "first option." But if he can't reach a deal with New York, he'd consider following ex-Yankees manager Joe Torre to the Dodgers.

Information from The Associated Press was used in this report.