New York Yankees Sign Ramon Ortiz

PITTSBURGH, PA - JULY 10: Ramon Ortiz #32 of the Chicago Cubs pitches against the Pittsburgh Pirates during the game on July 10, 2011 at PNC Park in Pittsburgh, Pennsylvania. (Photo by Jared Wickerham/Getty Images)

It's been a busy day for the New York Yankees, with Opening Day less than 48 hours away, and the club has just signed pitcher Ramon Ortiz to a deal, according to Jon Heyman of CBS Sports. It's a minor league deal, according to Marc Carig of the Star-Ledger. Ortiz was released by the San Francisco Giants last week before Ortiz's retention bonus was due, thus saving the Giants $100K in the process.

Ortiz, 39, posted a 4.86 ERA across 33 1/3 innings of work out of relief for the Cubs last season, but also spent time down in Triple-A. It was one of Ortiz's better years, though, as his 6.8 K/9 was a career high and 4.86 ERA was his lowest since 2004. The reliever joins his 12th organization of his career.

Among several roster moves the Yankees have made today, the most notable is their trade with the Giants for catcher Chris Stewart.

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