4:33pm: Hafner can earn up to $4MM in incentives beyond his $2MM salary, ESPN.com's Buster Olney reports (on Twitter).
3:11pm: The Yankees have officially signed Travis Hafner to a one-year, Major League contract. The deal is worth $2MM plus incentives, Jon Heyman of CBSSports.com reports (on Twitter). The Legacy Agency represents Hafner.
The Yankees plan to use Hafner as a platoon designated hitter who only plays against right-handers, Chad Jennings of the Journal News writes. Hafner, a left-handed hitter, has a career batting line of .287/.391/.534 against right-handed pitching.
Hafner hit free agency after the Indians chose a $2.75MM buyout over a $13MM option earlier in the offseason. The 35-year-old hit .228/.346/.438 with 12 home runs in 263 plate appearances for Cleveland last year.
Hafner has averaged only 85 games a season over the past five years due of injuries. Despite his past health issues, he drew interest from the Indians this winter. Rob Bradford of WEEI.com first reported the Yankees could be nearing a deal with Hafner and Jennings first reported the agreement.