At the bottom of a Daily News article about Chad Bradford, a guy that I wouldn't have minded seeing in the Yankees pen, is the following blurb:

Reserve infielder Miguel Cairo reached a preliminary agreement with the Yankees yesterday on a one-year, $1 million deal. Cairo's contract is pending a physical, which is expected to be given this week.

Just a physical and Cairo can officially be put on the Yankees 25-man roster. So far, Cairo has played every infield position except catcher and every outfield position except center field. That kind of versatility is good to have on any team, even if he can't recreate the numbers he put up in his first stint with the Yanks. Besides, there were very few other options available (ex. Felix Escalona, Pokey Reese, etc.)