Phil Hughes will start season on disabled list

Phil Hughes will be placed on the 15-day disabled list to start the season so he can can continue pitching in extended spring camp, the team announced.

Hughes has been dealing with a bulging disk in his upper back that halted his spring training and kept him out of action. He will be eligible to return to the Yankees rotation on April 6th, but the team thinks that April 11th will be more realistic for Hughes.

Ivan Nova and David Phelps are set to join the rotation along with C.C. Sabathia, Hiroki Kuroda, and Andy Pettitte.

Yankees pick up Lyle Overbay

The Yankees were quick to pick up Lyle Overbay on Tuesday as he was released by the Red Sox just a few days before Opening Day.

Overbay, 36, was signed to a minor league contract by the Yankees and will hope to break camp with the Yankees.

Lyle Overbay will essentially have a three day tryout as spring training will be over for the Yankees on Friday. He will have a legitimate shot as being the everyday first basemen for the Yankees.

Yankees acquire Vernon Wells from Angels

The Yankees have acquired Vernon Wells from the Angels on Tuesday as he will try to help this injured filled club throughout the season.

Wells, 34, was acquired from the Angels for minor leaguers Exicardo Cayones and Kramer Sneed, along with cash considerations.

The Angels are taking on the majority of Well's $42 million contract. The Yankees will pay Wells approximately $13 million over the next two seasons.

Vernon Wells will be the Yankees starting left fielder on Opening Day due to the many injured players on their roster.

Yankees sign Chien-Ming Wang to a minor league deal

The Yankees have brought back Chien-Ming Wang on a minor league deal, the team announced. Wang was signed by the Yankees in 2000 and spent five seasons with the club.

Wang put up consecutive 19-win seasons spanning from 2006-2007. His overall record with the club is 55-26.

Chien-Ming Wang's career with the Yankees went downhill after he expired multiple injuries during the 08' and 09'. He was limited to 27 appearances with a 9-8 record and a 5.78 ERA during those two years.

The Yankees have announced that he will report to the minor league complex immediately.

Yankees release outfielder Matt Diaz

The Yankees have narrowed down their outfield competition even more on Monday when they released outfielder Matt Diaz. 

Diaz was signed in December to a minor league deal, which would allowed him to compete for a spot on the big league roster. The Yankees signed Diaz hoping for a bat off of the bench that could do some damage against lefties. 

Diaz posted a .200 batting average with 2 RBI's in 13 games this spring.