You wanted some veteran rotation insurance, you got some veteran rotation insurance. As first reported by Jack Curry, the Yankees have re-signed left-hander Chris Capuano to a 1-year/$5 million deal. Acquired for cash in late July of this year, Capuano made 12 starts for the Yanks down the stretch and pitched to a more-than-solid 4.25/3.85/3.78 slash line in 65.2 IP. Last I heard, he was contemplating going over to Japan to pitch next season. I have to think coming back to New York is a much better option.
Capuano gets penciled in as the #5 starter right now behind Tanaka, Pineda, Sabathia, Phelps. I'm sure the Yankees would like to have him as their #6 starter/swingman out of the 'pen, but they've been slow to act on any other remaining free agent targets. Between injuries, current lack of depth, and the eventual return of Ivan Nova, I think the #5 rotation spot is going to be a revolving door next season. Nothing wrong with adding a cheap lefty who can pitch in multiple roles to that mix.