The New York Yankees have agreed to terms with right handed pitcher Bartolo Colon according to Jon Paul Morosi of FOXSports.

Joel Sherman of the New York Posts adds that Colon will earn $900,000 if he makes the team, and the right to be released at the end of Spring Training if he doesn’t.

The Yankees, Rangers and Indians expressed interest in the veteran hurler back in December.

“I’ll go with the one that signs me,” the 37-year-old Colon said.

In Colon’s last year of Major League service in 2009, he was 3-6 with a 4.19 ERA over 12 starts with the Chicago White Sox.