Yankees Sign Chan Ho Park

The Yankees offically signed pitcher Chan Ho Park to a one-year, $1.2MM deal.  He can earn another $300K in incentives.   Kang Seung-woo of The Korea Times first reported the agreement a week ago. 

At his press conference in Korea, Park said he was leaning toward the Cubs until recently, as they were willing to let him battle for a rotation spot.  The Yankees' "history and championship contention" won out, and Park will join their bullpen.  Joel Sherman of the New York Times says Yankees GM Brian Cashman lobbied ownership to expand the payroll for Park, but now Chad Gaudin or Sergio Mitre could be traded.

Park, 36, posted a 2.52 ERA, 9.4 K/9, and 2.9 BB/9 in 50 relief innings for the Phillies last year.  The Type B free agent was not offered arbitration by the Phils, but they did reportedly make a $3.25MM proposal.

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