MLB hot stove: Predicting fate of Yankees free agents

The Yankees have signed Andrew Miller to a minor-league contract. (File Photo)

The Yankees have signed Andrew Bailey to a minor-league contract, a team source told NJ Advance Media Friday afternoon.

The source requested anonymity because the club hadn’t officially announced the agreement yet.

Bailey hasn’t pitched in the majors since July 2013. He’s been rehabbing a labrum tear in his right shoulder.

The Yankees declined Bailey's team option for 2015. They paid him $2.5 million in 2014, during which he saw setbacks in his rehabilitation program after initially hoping to join the big-league club by August.

Bailey grew up in New Jersey and went to Paul VI High School in Haddon Township.

He was a 2009 American League Rookie of the Year and an All-Star in his first two seasons.

NJ Advance Media couldn’t immediately ascertain the value of Bailey’s new deal.

Chad Jennings of the Journal News first reported the deal.

Brendan Kuty may be reached at bkuty@njadvancemedia.com. Follow him on Twitter @BrendanKutyNJ. Find NJ.com Yankees on Facebook.