Rothschild replaces Dave Eiland, who was not asked to return to the team.
Rothschild was the first manager in Tampa Bay Rays history. He was let go early in the 2001 season, spent the rest of the season with the Marlins as a consultant before hooking on with the Cubs in 2002.
UPDATE: Paul Sullivan of the Chicago Tribune writes that Rothschild released a statement saying he left for "personal and family-based" reasons, noting Rothschild's family lives in Tampa, where the Yankees train.
-- C. Trent RosecransFor more baseball news, rumors and analysis, follow @cbssportsmlb on Twitter or subscribe to the RSS feed.