calloo callay!

The Yankees are close to finalizing a contract extension for right-hander Mike Mussina.

Mussina's agent, Arn Tellem, said in an e-mail yesterday that the two sides have made "significant progress'' in coming to an agreement. The Yankees hold a $17 million option on Mussina but would prefer to sign him to a two-year deal for an average of $10 million-12 million a year.

Mussina, who turns 38 next month, was 15-7 with a 3.51 ERA and made 32 starts. He is 92-53 since joining the Yankees, making him a better risk than most of the free-agent starters available this winter.

The Yankees have until Nov. 15 to secure a deal before Mussina would enter the market. Knowing that the Mets would be among the teams interested in him, GM Brian Cashman has made retaining Mussina a priority. [pete abe]

yes, i am doing a little happy dance. in my mind.

Labels: yanquis