Ike Davis and Yankees finalize $1.5 million, 1-year contract

NEW YORK (AP) Ike Davis and the New York Yankees have finalized a one-year contract, giving the team more options after putting four first basemen on the disabled list.

Davis gets paid at the rate of a $1.5 million salary while in the major leagues and at the rate of a $120,000 salary while in the minors, according to the deal reached Monday. With 112 days remaining in the regular season, his prorated major league salary is $918,033.

Davis hit .268 with four home runs and 25 RBIs for Triple-A Round Rock, then was released Sunday.

The 29-year-old played for Oakland last season, hitting .229 with three home runs and 20 RBIs. He had 32 homers for the New York Mets in 2012.

Chris Parmelee was the latest Yankees first baseman to go on the DL, joining Mark Teixeira, Dustin Ackley and Greg Bird. Rob Refsnyder has been starting at first after moving over from second base. Backup catcher Austin Romine also can play first.

New York designated right-hander Layne Somsen for assignment to open a spot for Davis on the 40-man roster and cleared a spot on the 25-man roster by optioning right-hander Chad Green to Triple-A Scranton/Wilkes-Barre after Sunday's game.

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