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New York Yankees Sign Eric Chavez

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The New York Yankees have signed third baseman Eric Chavez to a one-year major league deal valued at $900K with performance bonuses. Jon Heyman of CBS Sports was first on the signing with FOX Sports' Ken Rosenthal reporting the salary figures. The move was expected by many and it was all but certain after the Yankees dealt starting pitcher A.J. Burnett to Pittsburgh.

The signing gives the Yankees another bat off the bench and one that can play some backup innings at either corner infield position for the Yankees. The 34-year-old spent 2011 battling injuries throughout the year and managed to hit only .263/.320/.356 in 175 plate appearances.