MLB.com has the story, the Yanks have brought in the Korean native on a 1 year deal:
Right-hander Chan Ho Park, who pitched for the National League champion Phillies in 2009, announced early Monday that he has reached a one-year agreement with the World Series champion Yankees, according to Korea’s Yonhap News Agency.
Park, 36, a native of Korea, made the announcement at Park 61, a fitness center he opened in Seoul after last season, when he went 3-3 with a 4.43 ERA in 45 games, including seven starts, for the Phillies.
The press conference occurred after 1 a.m. ET. The Yankees have not made a formal announcement. The contract is reported to be for $1.2 million, with incentives that could net an extra $300,000, provided Park passes a physical.
As a low risk depth move, you can’t complain too much about it. Last time we saw Park he was throwing gas (95-96 MPH) out of the Phillies bullpen with good control. But I’m in the camp that thinks the Yanks will be better served by an extra bat on the bench rather than an extra arm in the bullpen, and it appears that’s out the window. As things stand right now, our bullpen will be
I have to think that Park will make the MLB roster, so that means Melancon, Albaladejo, Gaudin and Boone Logan all get bus tickets to Scranton in a few weeks. Not that it’s any surprise, but I was hoping Melancon would make the team. Given his lack of use when he was called up last year and his subsequent lack of control, they probably feel MM needs to pitch, which I can’t argue with.