The Yankees have re-signed reliever Andrew Bailey to a minor league deal after declining their team option on him, according to Chad Jennings of LoHud.com. Bailey originally joined the Yankees' organization last offseason but did not pitch for the team at all last season.
Bailey, 30, last appeared in the majors for the Red Sox in 2013, posting a 3.77 ERA in 30 appearances before shoulder surgery ended his season. Though he was expected to pitch for the Yankees towards the end of the 2014 season, he never even appeared in a minor league game and never factored into the team's plans.
At this point, the former AL Rookie of the Year will return to the Yankees' organization to finish up his rehab and potentially win a spot in the team's bullpen season. He is a lottery ticket-type signing for the Bombers, who could lose closer David Robertson to free agency this winter.
In parts of five major league seasons with the Athletics (2009-2011) and Red Sox (2012-2013), Bailey has posted a lifetime 2.64 ERA and 89 saves. He was 6-3 with a 1.84 ERA while saving 26 games when he won the Rookie of the Year award with Oakland in 2009.