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Raul Ibanez, Yankees who have finalize $1.1M contract

Written By Ambalal Solanki on Wednesday, February 22, 2012 | 6:34 PM

Raul Ibanez New York Yankees have finalized one year contract for $1.1 million. The deal was announced on Tuesday and after one day the sides reached agreement for $2.9 million including performance bonuses.

Ibanez who played with Philadelphia previous three seasons and hit .245 last year with 20 homers and 84 RBIs. He is expected to become the Yankees' main designated hitter against right-handed starters.

Yankees reached a preliminary agreement on $900,000, one year contract with backup infielder Eric Chavez, who hit .263 with two homers and 26 RBIs last year for New York. The six-time Gold Glove winner broke a bone in his left foot on May 5 after just 17 games and didn't return until July 26.
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