Update (3:10pm): Looks like SportsCenter might have jumped the gun; T-Kep says Nicky J. still has to take his physical. That’s what I get for trusting ESPN.
2:17pm: ESPN just reported that the Yanks have officially signed Nick Johnson to a one year contract. Buster Olney says Johnson will make $5.5M in 2010 with a mutual option for 2011 worth another $5.5M. There’s also incentives based on plate appearances.