Bartolo Colon signed with the Yankees today, a minor league deal worth $900,000 if he makes the big league club out of spring training.
The 2005 Cy Young Award winner can become a free agent if he does not make the team, and will compete for the fifth starter job.
Colon has not made twenty starts in a season since 2005, and last pitched in the majors in 2009 for the Chicago White Sox.
The former Indians, Expos, White Sox, Angels, and Red Sox pitcher is 153-103 career with a 4.10 ERA. It is another low risk and probably low reward move for the Yankees, who are still looking for a fifth starter in case Andy Pettitte does not return.