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Andrew Bailey, Yanks reach deal

Updated: February 22, 2014, 11:21 PM ET
By Buster Olney | ESPN The Magazine

The New York Yankees have agreed to terms with reliever Andrew Bailey on a minor-league deal, according to a source.

Bailey is recovering from shoulder surgery, and as a result, the contract starts on minor-league deal.

The major-league side of the deal is worth $2.5 million and includes a 2015 option and buyout as well as incentives, according to a source. Should Bailey reach the majors, he'll make a prorated base salary of $1.975 million, plus the incentives, the source said.

Bailey ...

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