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Updated Jan 22, 2014 - 3:23 pm

Diamondbacks lose out on Masahiro Tanaka, reportedly to sign with Yankees

The Arizona Diamondbacks’ attempt at signing Japanese ace Masahiro Tanaka is over.

According to reports, Tanaka will sign a seven-year, $155 million dollar deal with the New York Yankees.

The Diamondbacks were one of the final five teams in the running for Tanaka.

The D-backs reportedly made a six-year offer worth about $120 million during a meeting with Tanaka.

The 25-year-old right-hander was 24-0 with a 1.27 ERA in 2013 with the Rakuten Golden Eagles.

The Yankees will also have to pay $20 million, as part of Major League Baseball’s new international posting rules.

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