Permission to freak out?

Some Spanish newspaper is reporting that the Yankees are close to (or have already executed, depending on how well you read Spanish) a three year, $75 million deal with Manny Ramirez.
Source: http://www.impactodeportivo.com.do/?op=displaystory&story_id=4836&format=html

Although Brian Cashman has already denied this rumor to MLB.com's Brian Hoch, Impacto Deportivo does have a track record of breaking a story here and there, so who knows.
Source: http://bombersbeat.mlblogs.com/archives/2008/12/cashman_manny_375_report_not_t.html

Due to the marginal believability of this rumor, the Jimmy Dugan Boner Meter stands at "half mast".