The New York Yankees have agreed a five year deal with free agent Brian McCann worth $85m, reports ESPN.

The biggest story coming out of the Yankees stadium this off-season has been the future of Robinson Cano, who has yet to be offered a second deal after rejecting the Yankees qualifying offer and going on to the free agent market.

The second baseman is the number one free agent and is reportedly asking for a record breaking $300m 10 year deal, which the Yankees refused to meet.

Taking time away from trying to persuade Cano to stay, the Yankees have agreed the deal with McCann, fending off interest from bot the Texas Rangers and the Boston Red Sox.

The $85m deal is also reported to have an optional sixth season that will push the contract to $100m.

The acquisition of McCann completes the first phase of a rebuilding project at the Yankees, who are trying to go on a free-agent shopping spree whilst also getting their payroll under the $189m barrier.

The reason for the specific mark is that dipping under the figure will make the franchise eligible for the luxury tax and revenue sharing savings.

McCann hit .257 with 20 homers and 56 RBIs in 2013.

ESPN claim that the Yankees will now switch their attention to Carlos Beltran, while also maintaining an interest in Shin-Soo Choo and Jacoby Ellsbury.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: