AP Source: Yanks C Posada set to retire

By HOWIE RUMBERG | January 7, 2012 | 6:32 PM EST

NEW YORK (AP) — A person familiar with the decision tells The Associated Press that former New York Yankees catcher Jorge Posada will announce his retirement this month.

The person spoke on condition of anonymity Saturday because the decision has not yet been made public. Posada's decision was first reported by sports radio station WFAN.

The 40-year-old Posada won five World Series titles in 17 years with the team that drafted him. He became a free agent after last season.

Earlier this offseason, Posada acknowledged that his career with the Yankees was over. He had a trying year in which he lost his catching job and took himself out of the lineup in May when he was dropped to ninth in the order.

Posada has said he received several offers from other teams.