Outfielder Brett Gardner agreed to a one-year deal to remain with the Yankees next season, the club announced Wednesday.
New York declined a $12.5 million club option on Gardner's previous contract, which was a four-year, $52 million deal he signed in 2015 and included a $2 million buyout.
Gardner's new deal is worth $7.5 million, according to MLB.com's Mark Feinsand.
Gardner, 35, has spent all 11 years of his career with the Yankees and is currently the longest-tenured player on the roster. He was drafted by New York in the third round of the 2005 draft and made his Major League debut in 2008.