According to Jon Heyman at SI.com:

The Yankees are moving fast to try to lock up both Jorge Posada and Mariano Rivera to new contracts, but the early word is that more progress is being made in Posada’s case.

Baseball people see the Yankees offering bookend $40 million, three-year deals for each longtime star. Such offers would make them the highest-paid players at their respective positions…

…The idea that Posada and Rivera would leave the Yankees because Torre is gone is downright laughable…

…People close to the situation would be shocked if Posada went anywhere else. The Mets are in the market for a catcher, but even a Mets person said, “You honestly think the Yankees are letting him come here?’

In a word, no.

Okay, here’s my question. Which one of these guys will be wearing pinstripes come 2008: Mariano, Jorgie, Andy Pettitte, Bobby Abreu and Alex Rodriguez?