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Arizona Diamondbacks

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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