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AP source: Holliday, Yanks agree to $13M, 1-year contract

OXON HILL, Md. (AP) — Free agent outfielder Matt Holliday and the Yankees have agreed to a $13 million, one-year contract, a person familiar with the negotiations said Sunday, giving New York a veteran designated hitter as the team pivots to youth.

The person spoke on condition of anonymity because the agreement had not yet been announced.

Holliday, who turns 37 next month, fits into the Yankees strategy of signing veterans to short-term deals while pivoting toward a youth movement.

A seven-time All-Star with a .303 career average, Holliday was drafted by Colorado in 1998, traded to Oakland after the 2008 season and then dealt to St.