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Ike Davis, Yankees Finalize 1-Year, $1.5 million Contract

NEW YORK (CBSNewYork/AP)Ike Davis and the New York Yankees have finalized a one-year contract, giving the team more options after putting four first basemen on the disabled list.

Davis gets paid at the rate of a $1.5 million salary while in the major leagues and at the rate of a $120,000 salary while in the minors, according to the deal reached Monday. With 112 days remaining in the regular season, his prorated major league salary is $918,033.

Davis hit .268 with four home runs and 25 RBIs for Triple-A Round Rock, then was released Sunday.