Via Matt Eddy, the Yankees have signed right-hander Scott Baker to a MiL contract. There's been talk for a while on whether or not they would add some cheap potential rotation depth, and Baker fits that mold perfectly. Baker, now 33, was a consistent 2-3 WAR pitcher for the Twins from 2007-2011. He suffered an elbow injury and had TJS in 2012 and has never regained his form since then. He's pitched a total of 95.2 innings over the last 2 seasons, 1 with the Cubs and the other with the Rangers, and has had a FIP around 5.00 and precious few strikeouts during that time.
If you want to put a positive spin on this, you could point out how his IP and K numbers were better in 2014 than in 2013, but it's difficult to see Baker being much of a contributor this year. He'll get his work in during ST and make a few appearances. He's a good emergency arm to have around in Triple-A if he stays there after spring camp, but nothing more. His low strikeout numbers and high flyball tendencies make him a terrible fit for Yankee Stadium. If he's making regular starts for the Yankees in 2015, something went very wrong.