Sanchez, who earned the same amount last year, was the primary setup man for closer Billy Wagner before separating his right shoulder in the cab accident. He had surgery, then went to spring training and was disciplined for repeated tardiness.
In his first bullpen session in eight months, he felt a pop on March 22 and made just 11 pitches. He had surgery four days later to repair a broken bone.
New York also agreed to minor league contracts with right-handers Juan Padilla, Joselo Diaz and Andy Cavazos; left-hander Ryan Cullen; infielders Anderson Machado and Fernando Tatis; and catchers Robinson Cancel and Salomon Manriquez.