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Yankees Sign Outfielder Matt Holliday to One-Year Deal

The New York Yankees wasted no time getting to work at the annual Winter Meetings, signing seven-time All-Star Matt Holliday to a one-year deal worth $13 million Sunday evening. Sweeny Murty of WFAN was the first to report that the deal was imminent, while Jon Heyman of Today’s Knuckleball scooped the details of the contract.

While there are sure to be groans from some Yankees fans about the team adding a 37-year-old slugger with recent injury issues in the midst of a rebuild, Holliday represents a serious buy-low opportunity for New York coming off of a down year.