Matt Diaz, a right-handed outfielder the Yankees have been searching for, has apparently agreed to a minor league deal with the Yankees with a Spring Training invite. The news was reported by Marc Carig and Mark Feinsand as sourced by this Major League Trade Rumors post. Diaz fits the Yankees' needs in several ways. He is old (35 in March). He is cheap and he will only be around for a season. Seriously, Diaz has a career .770 OPS in parts of ten seasons, but more importantly, has a career .863 OPS against left-handed pitching. He can play left or right field and isn't a total disaster at either but has not shown the ability to throw out runners over the course of his career.
Diaz could be useful in small doses against left-handed starters and to face those tough lefties out of the bullpen late in the game. But this is hardly heady news.