PURCHASE, N.Y. -- The New York Yankees have re-signed Purchase resident Joe Girardi to a four-year contract, according to ESPN New York .
Girardi's previous deal was set to expire on Oct. 31 and he was rumored to be a candidate for the vacant position with the Chicago Cubs. The Yankees did not disclose the terms of Girardi's new contract, but a source told ESPN New York that it will be worth $16 million plus bonuses and incentives.
Girardi will address the media on a conference call at 4 p.m. on Wednesday, ESPN New York said.
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