Yanks sign pitcher Colon

Sports Network

, Last Updated: 1:32 PM ET

NEW YORK -- The New York Yankees reportedly signed veteran right-handed pitcher Bartolo Colon to a minor-league contract with an invitation to spring training on Wednesday.

The New York Post reports the deal will be worth $900,000 if the former American League Cy Young Award winner earns a spot on the big league roster out of spring training.

The 37-year-old, who earned the AL Cy Young award after going 21-8 with a 3.48 earned run average with the Angles in 2005, sat out the entire 2010 season.

Colon last pitched for the Chicago White Sox in 2009 and went 3-6 with a 4.19 ERA over 12 starts.

For his career, Colon is 153-103 with a 4.10 ERA in 328 games -- 325 starts - with Cleveland, Montreal, the White Sox, Angels and Boston.


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