The Yankees signed Kevin Millwood to a minor league contract, the team announced. The deal is contingent on the right-hander passing a physical. Wallace Matthews of ESPNNewYork reports that the contract is for a pro-rated $1.5MM with incentives and that Millwood has to be on the 25-man roster by May 1st or the deal is void.
Freddy Garcia or Bartolo Colon will still start the season as the Yankees' No. 5 starter behind C.C. Sabathia, Phil Hughes, A.J. Burnett and, it seems certain, Ivan Nova. Agent Scott Boras represents Millwood.
Millwood turned down a minor league offer from the Yankees in February and they made him another minor league offer last week. He was looking for a guaranteed contract in the $4MM range, but the Yankees offered a contract in the low seven-figure range.
Millwood allowed 30 homers last year and posted a 5.10 ERA with 6.2 K/9 and 3.1 BB/9. Despite the ERA, homers allowed and career-high fly ball rate, the 36-year-old started 31 games and logged 190 2/3 innings. He has averaged 31 starts per season since 1998, though reaching those marks will be particularly challenging this year given his late deal.
Jon Heyman of SI.com first reported the deal (on Twitter).