The New York Yankees have agreed to a one-year deal with Raul Ibanez worth $1.1 million plus incentives, baseball sources told ESPN The Magazine’s Buster Olney on Monday morning.
Ibanez can make up to $4 million total with the incentives, the sources said.
The Yankees plan to use Ibanez as a left-handed designated hitter, a source told ESPNNewYork.com’s Andrew Marchand last week.
Full story: Sources: Yankees, Raul Ibanez agree