Hmm - this is an interesting (and very curious) move. According to John Heyman over at Sports Illustrated, the Yankees have resigned Ron Villone.

He stands to make $2.5 million if he makes the club, which is likely, and an additional $300,000 in incentives based on games pitched. He will compete with Sean Henn and Mike Myers for a spot in the bullpen

Well, considering how many relievers and prospects are mentioned when Yankees roster is analyzed, I'm very surprised at this move, especially considering Villone's overuse and subsequent meltdown last year (2.27 ERA before the All-Star break, 8.35 ERA after; in 2005, 2.52 and 6.04, respectively.)