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GIAMBI EXPECTED TO SIGN WITH YANKEES

Dec 7, 2001 8:18 PM

The rich keep getting richer. Case in point, the New York Yankees.

The four-time defending American League champs are expected to announce the signing of former Oakland first baseman Jason Giambi to a 7-year deal according to ESPN.

The sticking point is reportedly on the amount, which is expected to be between $17 and $18 million over the seven years.

Giambi, the league's MVP in 2000, hit .342 with 38 homers this past season. Current Yanks first baseman Tino Martinez is expected to test the free agent market.

Yanks owner George Steinbrenner has already inked Atlanta pitcher Steve Karsay to a four-year deal worth $23 million.