Update (7:15pm): Ken Davidoff says the two sides are wrapping up a one year, $5.5M deal, pending a physical. Holy bargain Batman.
5:34pm: Via GAK3, the Yanks and Nick Johnson are getting close to an agreement on a one year deal, and it could be announced as soon as tomorrow morning. Johnson will get a chance to have a huge year by hitting a bunch of cheap homers to right with a ton of men on in front of him, putting him in position to go back onto the market next season and command some serious bucks.
On-base percentage is the single most important metric in baseball, and Johnson excels at it (.426 last year, .402 career). We’ve already written extensively about Nicky J. here and here, so you know we’re in favor of bringing him aboard.