Pete Caldera of the Bergen Record has the scoop: Mariano Rivera has agreed to the Yankees three-year, $45 million offer. Caldera's source is a friend who spoke to Rivera today, so I suppose it's not official official.
Caldera also reports that the friend said, "He would have taken two years and an option." Wonderful. So not only did the Yankees overpay, but now it's rubbed in their faces.
I guess the reports about demanding a 4th year were overblown. He probably asked for it and the Yanks shot it down and that was it. I wonder how true the idea of an option is.