The Yankees have signed Francisco Cervelli to a one-year contract to avoid arbitration. Jon Heyman of CBS Sports says that the deal is worth $700k. Cervelli, who only appeared in 61 plate appearance in 2013 before suffering a broken hand, was also suspended 50 games for his connection to the Biogenesis clinic in Miami.
And it was just announced that CC Sabathia has signed with Jay Z's Roc Nation. Hmmm.
Here's a picture of the event.