The New York Yankees and closer Mariano Rivera are close to finalizing a one-year deal. Today, both sides worked on hammering out the details of Rivera's salary, which include a decline in pay from $15 million last year to a slightly lower $11-12 million with incentives built around Rivera's health.

Rivera missed the majority of the past season with a torn ACL suffered while shagging balls during batting practice. Setup man Rafael Soriano took over the role with a 42 save season, but he opted out of his contract last month and is looking to cash in on free agency.

Rivera is the MLB's all time leader in saves with 608.

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[via ESPN New York]