The person spoke on condition of anonymity because the deal had not yet been announced. The person said the deal includes additional bonus opportunities, as did the team’s agreement with Andy Pettitte earlier in the week.
After missing most of the season because of a knee injury, Rivera accepted a cut in guaranteed money from his $30 million, two-year deal that had covered the last two years.
Rivera, who turned 43 on Thursday, was limited to nine games this year after tearing the anterior cruciate ligament in his right knee while tracking down a fly ball during batting practice in Kansas City on May 3. He is baseball’s career leader with 608 saves.
With deals for Pettitte, Rivera and Hiroki Kuroda in place, the Yankees will turn their attention to position players. Steady catcher Russell Martin departed Thursday, agreeing to a $17 million, two-year contract with Pittsburgh, a person familiar with those talks said.
AP Sports Writer Will Graves in Pittsburgh contributed to this report.