Update (4:58pm ET): Via the AP, Chavez can earn another $3.05M in incentives. He’ll get $50k for 75 PA, $100k each for 100 and 150 PA, $200k each for 200 and 250 PA, $300k each for 300 and 350 PA, $400k each for 400 and 450 PA, and $500k each for 500 and 550 PA.
3:30pm ET: The Yankees have officially re-signed Eric Chavez to a one-year deal, the team announced. Reports from last week indicate that the contract is worth $900k plus incentives. Chavez, 34, obviously passed his physical for the deal to become official, but it was more than routine given his injury history. He’ll back up both corner infield spots, serve as the primary left-handed pinch-hitter, and fill the designated in-season DL slot.
In a corresponding move, the Yankees placed David Aardsma on the 60-day DL. They currently have 39 players on the 40-man roster with Joba Chamberlain remaining a 60-day DL candidate. Pedro Feliciano was 60-day DL’ed to make room for Raul Ibanez last week.