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Yankees rumors: Vernon Wells designated for assignment by New York Yankees

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Yankees rumors have the team cutting ties with outfielder Vernon Wells. These New York Yankees rumors from Friday (Jan. 10) apparently stem from the recent signing of two new outfielders by the franchise. According to a report from CBS Sports on Friday, a roster of recently signed Jacoby Ellsbury and Carlos Beltran as well as Alfonso Soriano, Brett Gardner, and Ichiro Suzuki created a log jam on the roster that had to be addressed.

Fresh Masahiro Tanaka Rumors

It isn't that surprising that the team is deciding to move on without Wells, especially because the team isn't on the hook for much of his hefty contract. That mostly falls on the Los Angeles Angels, as the team owes him $18.6 million in the final year of his huge seven-year, $126 million contract. New York will owe him $2.4 million for the 2014 MLB season, but it could become less if another franchise picks him up. As he has been designated for assignment, Wells will now pass through waivers where other teams can claim him.

These latest New York Yankees rumors were actually confirmed by the veteran outfielder himself, who took to Twitter to state, "Thank you @Yankees for the opportunity to be a part of such a storied franchise. #Blessed #NextChapter." During his time with New York (one season), he posted a .233 batting average with 11 home runs in 458 plate appearances. He hit 10 of those in his first 40 games, though, giving hope to the fans that he may have been close to turning things around. It didn't work out that well in the end.

More Baseball News:

2014 Hall Of Fame Vote

Brett Gardner Trade?

Robinson Cano Changes Number

Prince Fielder Traded To Rangers

Brandon Phillips Trade Possible?

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