New York Yankees Agree To Terms With Cory Wade

NEW YORK, NY - JULY 30: Cory Wade #53 of the New York Yankees pitches against the Baltimore Orioles during game one of their double header on July 30, 2011 at Yankee Stadium in the Bronx borough of New York City. (Photo by Nick Laham/Getty Images)

The New York Yankees have agreed to terms on a one-year contract with right-handed pitcher Cory Wade, according to Jon Paul Morosi of FOX Sports. Morosi reports it's a non-guaranteed deal worth roughly $500K if Wade spends the entire season at the majors.

Wade, 28, was a great under-the-radar signing for the Yankees last season. After being cut by the Rays, the Yankees picked him up on a minor league deal and saw the reliever pitch well throughout the season. The 28-year-old posted a 2.04 ERA across 39 2/3 innings of work with a fantastic 3.75 strikeout-to-walk ratio.

  • Twitter / @jonmorosi: Cory Wade, who fell just shy of salary arbitration, agrees with #Yankees on non-guaranteed deal worth roughly $500k on ML side, source says.

While the Yankees don't expect Wade to put up those numbers again, they aren't taking a risk by signing him to a non-guaranteed deal. And if he can even post similar numbers again, he'll be more than worth the $500K salary.

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