According to Ken Rosenthal of Fox Sports, Drew's contract will be worth $5 million with the chance to earn $1.5 million in performance bonuses. The deal is pending a physical.
Drew, 31, was traded to the Yankees in July from the Boston Red Sox. In his 85 games total last season, he hit .162 with seven home runs, 26 RBI and a .536 OPS.
Drew moved from shortstop to second base in New York, and he could once again be the starting second baseman. The Yankees also have two prospects, Jose Pirela and Rob Refsnyder, who could push Drew for the spot.
Over his nine Major League seasons, Drew is a .256 hitter with 97 home runs and 442 RBI.
The Yankees finished 84-78 last season, second in the AL East, but missed the postseason for the second straight season.
- Mike Fiammetta