By Anthony Caruso III
The New York Yankees are close to signing a veteran pitcher.
The Yankees and free agent pitcher Kevin Millwood are close to a minor league deal. Jon Heyman of Sports Illustrated was first to report the updated news, but the two sides have been in talks since January. At that time, the Yankees would not sign Millwood until they got an answer from Andy Pettitte.
Pettitte decided to retire instead of playing in 2011. Millwood will be receiving an incentive laden contract, which is expected to have $3 million in performance-based bonuses. That’s if he can make it to the majors and receives certain inning marks.
The Yankees are expected to ask Millwood to open the season at the Triple-A level with the Scranton/Wilkes-Barre Yankees and work his way up. He had a 5.10 ERA in 31 starts with the Baltimore Orioles last year.
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