Monday, February 20, 2012

Yankee have Agreed to Sign Raul Ibanez Worth $1.1M

According to a trusted source says Raul Ibanez and the New York Yankees have agreed to a $1.1 million, 1 year contract.

The agreement came one day after the Yankees traded A.J. Burnett to Pittsburgh, a deal in which the Pirates pay $5 million of the pitcher's salary in 2012.

The person spoke on condition of anonymity Monday because the deal had not been announced.

Raul Ibanez is a 39-year-old outfielder who played with Philadelphia the last three seasons. He is expected to be the Yankees' primary designated hitter against right-handed starting pitchers. New York decided on him over Johnny Damon and Hideki Matsui, who also are free agents.

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