Yankees sign Thornton, cut Wells - New York News

Yankees sign Thornton, cut Wells

Posted: Updated:
New York Yankees New York Yankees

NEW YORK (AP) -- Left-hander Matt Thornton completed his $7 million, two-year contract with the New York Yankees, who cut outfielder Vernon Wells.

Thornton gets $3.5 million in each of the next two seasons under the deal, which was agreed to Dec. 17 and announced Friday. His contract raises the Yankees' luxury tax payroll for next season to $175.7 million for 13 signed players.

Including a pending $2 million, one-year deal for second baseman Brian Roberts and an estimated $11.5 million per team for benefits, New York's tax payroll is at $189.2 million -- above the $189 million tax threshold for the upcoming season.

However, Alex Rodriguez's $27.5 million luxury-tax salary would disappear if his 211-game suspension is upheld by an arbitrator.

The 37-year-old Thornton replaces Boone Logan, who left for a $16.5 million, three-year contract with Colorado. A 10-year big league veteran, Thornton was 0-4 with a 3.74 ERA in 60 relief appearances last season for the Chicago White Sox and Boston, which acquired him in July for minor league outfielder Brandon Jacobs.

Wells, who was designated for assignment, was acquired last March from the Los Angeles Angels and hit .233 with 11 homers and 50 RBIs in 424 at-bats. The 35-year-old, a three-time All-Star, became superfluous when the Yankees signed Jacoby Ellsbury and Carlos Beltran to join an outfield that already included Brett Gardner, Ichiro Suzuki and Alfonso Soriano.

New York is responsible for just $2.4 million of Wells' $21 million salary in the final season of his $126 million, seven-year contract, with the Angels paying the Yankees $18.6 million as part of the trade last March.

A team that signs Wells would be responsible for just $500,000, the major league minimum.

  • Local NewsLocal NewsMore>>

  • Caesars enters New York casino competition

    Caesars enters New York casino competition

    Tuesday, April 22 2014 10:52 PM EDT2014-04-23 02:52:22 GMT
    Caesars Entertainment entered the competition to open a casino in upstate New York on Tuesday with a proposal to build a $750 million complex 50 miles north of New York City. The complex would include a casino, a hotel and a meeting space and would be located in Woodbury, in Orange County. The Las Vegas-based Caesars, which operates 52 casinos around the world, has submitted a $1 million casino license application fee to state gambling regulators.
    Caesars Entertainment entered the competition to open a casino in upstate New York on Tuesday with a proposal to build a $750 million complex 50 miles north of New York City. The complex would include a casino, a hotel and a meeting space and would be located in Woodbury, in Orange County. The Las Vegas-based Caesars, which operates 52 casinos around the world, has submitted a $1 million casino license application fee to state gambling regulators.
  • Hoax 'swatting' call sends dozens of cops to LI home

    Hoax 'swatting' call sends dozens of cops to LI home

    Tuesday, April 22 2014 10:43 PM EDT2014-04-23 02:43:53 GMT
    Heavily armed police officers descended on a home in Long Beach, Long Island, Tuesday afternoon thinking they might find a grisly murder scene. Instead they found a terrified woman who had no clue what they were talking about and her teenaged son playing video games. "We received a phone call from a gentleman who stated he had just shot his mother and his brother," Long Beach Police Commissioner Michael Tangney said. "Unfortunately, this is a terrible national problem for law enforcement."
    Heavily armed police officers descended on a home in Long Beach, Long Island, Tuesday afternoon thinking they might find a grisly murder scene. Instead they found a terrified woman who had no clue what they were talking about and her teenaged son playing video games. "We received a phone call from a gentleman who stated he had just shot his mother and his brother," Long Beach Police Commissioner Michael Tangney said. "Unfortunately, this is a terrible national problem for law enforcement."
  • NYPD Twitter hashtag backfires

    NYPD Twitter hashtag backfires

    Tuesday, April 22 2014 9:14 PM EDT2014-04-23 01:14:35 GMT
    An NYPD plan intended to better connect with the community seems to have backfired a bit. The police department asked its twitter followers to share pictures of themselves with New York City police officers using the hashtag "myNYPD." Some did share nice pictures, but others not so much.Some of the first pictures posted showed regular citizens standing with very friendly looking police officers.
    An NYPD plan intended to better connect with the community seems to have backfired a bit. The police department asked its twitter followers to share pictures of themselves with New York City police officers using the hashtag "myNYPD." Some did share nice pictures, but others not so much.Some of the first pictures posted showed regular citizens standing with very friendly looking police officers.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices