With the impending free agency of Ron Villone, the Yankees opted to keep him by promoting him to the major league roster and demoting Sean Henn (they also moved Jose Veras to the 60 day DL).

Meanwhile, the Yankees have signed veteran reliever Pete Walker. Walker, who grew up as a Red Sox fan, had an offer from the Red Sox, but choose the Yankees. He has pitched in the majors from 1995-1996, 2000-2003 and 2005-2006, playing for the Mets, Padres, Rockies and Blue Jays. He was also a member of the Red Sox in the late 90s, but never pitched a game for them. He's pitched in 144 games (starting 31 of them) with a 20-14 record, 4 saves and a 4.48 ERA.

Finally, Mark Feinsand reports that, according to a source, the Yankees have spoken with the Angels about acquiring catcher Jose Molina.

Via Steve and Sx at River Ave. Blues via RotoWorld.com.