The Yankees have signed free agent reliever Andrew Bailey, to a minor-league deal, reports ESPN.com's Buster Olney. Tim Dierkes of MLB Trade Rumors originally reported that the two sides were close to an agreement.
Bailey, age 29, pitched to a 3.77 ERA (110 ERA+) and 3.25 K/BB ratio in 28 2/3 innings for the Red Sox last season. For his career, Bailey owns an impressive ERA+ of 160 across parts of five big-league seasons, and he's struck out 227 batters in 218 innings. On the downside, Bailey has been on the DL five times in and lost more than 300 games to injury. Last July, he underwent shoulder surgery.
Obviously, Bailey has plenty of upside, but staying healthy has thus far proved impossible for him. Since logging 83 1/3 innings as a rookie for the Athletics in 2009, Bailey has averaged just 33 2/3 innings per season.