Buster Olney of ESPN reported the deal:
Andrew Bailey agreed to terms with the Yankees on a minor-league deal, stacked with incentives.
— Buster Olney (@Buster_ESPN) February 23, 2014
When last we saw Bailey, he was one of the number of candidates in the revolving door that was the Boston Red Sox closer’s role after Jonathan Papelbon‘s departure and before Koji Uehara took over last season. Most recently he was forced to miss the bulk of the 2013 season because of a torn labrum suffered in July.
Prior to his time in Boston, Bailey was effective as the closer for the Oakland A’s: he saved 26, 25, and 24 games respectively from 2009-2011. In 30 games for the Red Sox last season, Bailey saved eight games and posted a 3.77 ERA and 12.2 K/9 mark. That goes to show that he still has something to offer if he can just stay healthy.
The Yankees will add him to the mix in the late innings whenever he is able to pitch again. If he does perform well, this could be looked back on as a solid, under the radar move from this off-season.