The New York Yankees signed catcher Brian McCann to a five-year, $85 million contract with a vesting option for a sixth year.
The vesting option for a sixth season in 2019 could make the contract worth $100 million and includes a no-trade clause.
"The singular and unwavering desire of this organization is to construct a team each and every season designed to play meaningful baseball deep into October," said Hal Steinbrenner, Yankees General Managing Partner. "In Brian McCann, we feel we have made a significant improvement to a key position, while adding a high-character presence to our clubhouse. Our work this offseason has just begun, but we feel this is an important step towards what will be an exciting and rewarding 2014 season for our fans."
McCann, 29, was a seven-time All-Star in nine seasons with the Atlanta Braves. He hit .256 with 20 homers and 57 RBI in 102 games last season.
The Texas Rangers, Los Angeles Angels and Boston Red Sox also reportedly had pursued McCann.
New York remains in a contract standoff with top free agent Robinson Cano. The 31-year-old All-Star second baseman could dictate what other moves the Yankees are able to make until his situation is settled. Though Cano's representatives have reached out to other teams, the Yankees are reportedly standing their ground as the primary bidder at more than $160 million over eight years.
Cano was initially demanding a deal worth at least $280 million, which would exceed contracts signed by Alex Rodriguez, Albert Pujols and Prince Fielder.
McCann will be introduced at Yankee Stadium in a press conference scheduled for Thursday.
The Braves could seek a veteran replacement, but bringing back homegrown free agent Jarrod Saltalamacchia was all but ruled out based on his salary demands. He is the same age as McCann but less accomplished.