Lofton hit .296 last season for Pittsburgh and the Chicago Cubs
with 12 homers, 46 RBIs and 30 steals. He and incumbent Bernie Williams will compete for the center field job in spring training,
manager Joe Torre said.
Lofton, 36, gets $3.1 million in each of the next two seasons,
including $1 million annually that is deferred without interest.
New York also announced its $7.25 million, two-year contract
with right-hander Tom Gordon, whose deal was completed Dec. 16.