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Wednesday January 22nd, 2014

Masahiro Tanaka was 24-0 with a 1.72 ERA last season. (The Asahi Shimbun/Getty Images) Masahiro Tanaka was 24-0 with a 1.72 ERA last season for the Golden Eagles. (The Asahi Shimbun/Getty Images)

At least five MLB teams still have a chance to sign coveted Japanese pitcher Masahiro Tanaka, reports's Doug Miller.

Teams have until Friday at 5 p.m. ET on Friday to sign and complete a physical with the 25-year-old right-hander.

According to numerous reports, the New York Yankees, Los Angeles Dodgers, Chicago Cubs, Chicago White Sox and Arizona Diamondbacks were viewed as finalists for Tanaka, who would likely command a six- or seven-year deal worth at least $20 million per season.

VERDUCCI: Year-After Effect: Cole, Fernandez, Wacha among pitchers at risk Any team that signs Tanaka will have to pay a $20 million posting fee to the Tohoku Rakuten Golden Eagles of Nippon Professional Baseball, for whom Tanaka played last season.

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