"Jorge Posada is expected to hold a news conference at Yankee Stadium early this week, likely Tuesday, to formally announce his retirement, according to a person familiar with the plans.

Earlier this month, it was widely reported that the Yankees great, 40, had decided to end his career. Those plans did not change when the Yankees later agreed to trade Jesus Montero - slotted to be the designated hitter in 2012 - to Seattle for pitcher Michael Pineda."