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Report: Yankees, Ellsbury agree to seven-year, $153-million deal

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The Yankees reportedly agreed to terms on Tuesday evening with highly-coveted free agent Jacoby Ellsbury on a mammoth seven-year deal, according to multiple sources, the latest salvo in a hectic offseason for the Bronx Bombers.

The Yankees will forfeit their second pick in the 2014 draft for signing Ellsbury, who rejected the $14.1-million qualifying offer from the Red Sox.

"The $153 million includes a buyout for an eighth-year option, a source told Yahoo Sports, and will count as a $21.86 million luxury-tax hit. If exercised, the option would take the deal’s total value to $169 million," writes Yahoo's Jeff Passan.

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