Via Jerry Crasnick: The Yankees are one of several teams that are believed to have interest in Joel Hanrahan. They were monitoring him a few weeks ago. The right-hander is currently working his way back from Tommy John surgery and other elbow procedures (flexor tendon, bone chips). He will throw for teams during a showcase next week.
Hanrahan, 32, had a 2.24 ERA (3.24 FIP) in 128.1 innings for the Pirates from 2011-12, his last two healthy seasons. There is no such thing as too much pitching depth and the Yankees could always find a way to squeeze someone like Hanrahan into their bullpen and late-inning mix. They signed Andrew Bailey to a one-year deal with an option geared towards 2015 just before Spring Training, but Hanrahan is in a better position to contribute immediately.