The person spoke to The Associated Press on Thursday on condition of anonymity because there had been no official announcement. A news conference was expected Saturday at the Yankees' spring training complex in Tampa, Fla.
The 43-year-old right-hander is baseball's saves leader with 608. He missed most of last season after he tore a ligament in his right knee while catching fly balls during batting practice.
Rivera has returned home to Panama for a personal matter, and is expected to rejoin the team Saturday.
More Sports Headlines
USC fires Steve Sarkisian one day after putting him on leave 2:50 p.m. Blue Jays beat Rangers 8-4 to force Game 5 in ALDS 4:47 p.m. On the brink of elimination, Royals rally to beat Astros 3:19 p.m. AP Source: Dwight Freeney agrees to 1-year deal with Cards NFL’s Chiefs expect Charles is out for the season Florida QB Grier suspended Cougars are not perfect, but they’re definitely improving AP source: Utley’s appeal hearing unlikely Monday
Our new comment system is not supported in IE 7. Please upgrade your browser here.