The Yankees have reached agreement on a minor league deal with pitcher Alfredo Aceves, Ken Davidoff of the New York Post reports (Twitter links). Aceves will work out of the Triple-A rotation, and has a July 1 opt-out clause.
Aceves, 31, had spent the spring with the Orioles after pitching for the Yankees and Red Sox earlier in his career. Most of his time in the bigs has been in the pen, but he does have 15 MLB starts to his credit. Aceves has a lifetime ERA of 3.69 in 361 innings. Aceves was signed out of the Mexican league by the Yankees when he was well into his twenties.