- Associated Press - Friday, March 25, 2011

NEW YORK (AP) - A person familiar with the negotiations tells The Associated Press that right-hander Kevin Millwood has agreed to a minor league contract with the New York Yankees.

Millwood would get a $1.5 million, one-year contract if added to the 40-man roster, the person said, speaking on condition of anonymity because the deal had not yet been announced.

He would have the chance to earn $3.5 million more in performance bonuses: $500,000 each for five, 10, 15, 20 and 25 starts. He would get an additional $1 million for 30 starts.

If Millwood is not added to the major league roster by May 1, he can opt out of the deal.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide