After some conflicting reports a couple weeks ago, Juan Miranda is officially signed:

General manager Brian Cashman does not consider Miranda as part of the first-base competition this spring, although he doesn't think Miranda is "very far from the big leagues." The 23-year-old left-handed hitter will begin the 2007 season with Class A Tampa in the Florida State League.

The deal is for 4 years at a little more than $2 million dollars.