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It took long enough, but the Yankees have finally snapped up one of the remaining FA relief pitchers who's coming back from injury. Via Buster Olney, the Yanks agreed to a deal with right-hander Andrew Bailey yesterday. It's a minor league deal with incentives that could make it worth $2.5 million and it also includes an option for 2015.
Bailey, 29, is a former Red Sock and Oakland A's closer who has spent the better part of the last 2 seasons battling shoulder and thumb injuries. He had surgery to repair a torn labrum and shoulder capsule last July, so he likely won't be ready to contribute until mid-summer at the earliest. While he's only thrown 44.0 inning over the last 2 seasons with Boston, Bailey did go 75-84 in save opportunities with a FIP in the mid-to-high 2.00s and 4.3 fWAR in his first 3 seasons in Oakland.
This signing follows a trend the Yankees started a few years ago with David Aardsma and again last year with David Herndon. They probably won't get much from Bailey this year in terms of meaningful innings, but if he makes a full recovery he could be a steal for 2015.