The Yankees are close to an agreement with Andrew Bailey, MLBTR's Tim Dierkes tweets.

Bailey, 29, had surgery to repair a torn labrum in his shoulder in July, and was not tendered a contract by the Red Sox this offseason. Nevertheless, more than 15 teams had called to check in with the reliever by early December, according to an MLBTR report. If the timetable we reported at that time holds, Bailey will be ready to suit up for a Major League club by mid-May.

A former All-Star closer with the Athletics, Bailey has struggled with injuries since his rookie season, and managed just 44 innings for Boston after he was acquired in a winter 2011 trade. However, he's been excellent when he's managed to stay on the mound, as his career 2.64 ERA attests to.