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Mark Feinsand of the New York Daily News is reporting that the Yankees have signed free agent outfielder Carlos Beltran to a three-year deal.

Beltran will turn 37 on April 24, so the contract will span his age 37-39 seasons. After a pair of injury-shortened seasons in 2009 and ’10, Beltran has shown lately that he is capable of staying healthy, taking at least 598 trips to the plate in each of the past three seasons, posting an .860 OPS in the process.

Beltran’s stock rose after free agent second baseman Robinson Cano signed with the Mariners, leaving the Yankees with more money to burn on other players than they had anticipated. With Cano off the board, they were reportedly “in on everyone“, including Beltran.

Update: It’s three years, $45 million ($15 million per year), per Tim Brown of Yahoo! Sports.

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