ESPN is reporting that the Yankees have sent in the top bid for Japanese pitcher Kei Igawa for around $25 million. The Yankees have until December 28 to reach a deal with the pitcher.

That's about as high as I would've made the bid for Matsuzaka. Now we're going to pay $25 million just for the right to a guy who will probably put up similar numbers to a pitcher we could get under contract for that much for about three years. But hey, when the Red Sox are about to pay $75 million for J.D. Drew for five years, maybe this isn't TOO bad.