Rivera: 3 years, $40 million?

From Peter Abraham:

Mariano Rivera: By the end of this week, the Yankees could announce a three-year, $40 million deal for their closer. Rivera was dramatically underpaid when compared to some of his teammates, but this would give him an average annual salary of $13.3 million. (LoHud Yankees Blog)

My ideal contract would have been two years with an option, but like with Jorge Posada, the Yankees can't afford to lose Rivera.

Rivera will turn 38 at the end of November and struggled at various points this season. However, he is still one of the best closers in the game, and until he shows otherwise, the Yankees need to keep him if he is willing to pitch.