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Yankees, Raul Ibanez have deal

Updated: February 21, 2012, 1:08 PM ET
ESPN.com news services

The New York Yankees signed Raul Ibanez to a one-year deal Tuesday, with baseball sources telling ESPN The Magazine's Buster Olney that the contract is worth $1.1 million plus incentives.

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.

"He's a guy that's hit right-handers very well over his career, can still play the ...

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