According to Jon Heyman, Andruw Jones has re-signed with the Yankees: one year and $2 million, with another $1.4 million possible if he reaches incentives (which are presumably related to playing time, which means he probably won't reach many of them unless somebody's badly injured).
For what little you probably think it's worth, Jones is currently tied for 10th all-time among center fielders with 71.7 Wins Above Replacement. With any sort of decent 2012, he's going to break the tie with Hall of Famer Duke Snider and pass non-Hall of Famer Reggie Smith.
In 1988 Reggie Smith appeared on the BBWAA's Hall of Fame ballot for the first and last time. With his 72 WAR, Smith got three votes and fell off the ballot. Also in 1988, Willie Stargell appeared on the ballot for the first time. With his 71 WAR, Stargell was elected with 359 votes.
I'm just saying.
What am I saying? I'm saying that when it's Jones' turn, he will fare a little better than Smith but not nearly as well as Stargell.
Meanwhile, It's About the Money's Brien is saying that Jones doesn't really fill one of the Yankees' current needs:
Jones is a platoon hitter at this stage of his career who’s good against left-handed pitching, but the Yankees as a team are stronger against southpaws, and while Jones was able to provide good value last year thanks to Jorge Posada‘s struggles against lefties, Jesus Montero figures to slot in as the primary DH this year, which should mean less of a chance for Jones to get in the lineup outside of platooning with Brett Gardner in left. I think there are probably better uses for this money than bringing back Jones, especially if the Yankees are on such a tight budget this winter.
True, but $2 million means nothing to the Yankees, even on their tight budget. They had a roster spot to fill and they already know Andruw Jones and there aren't a lot of useful outfielders on the market, so ... this happened. And I'm willing to bet good money that if the Yanks need another $2 million down the road, the Steinbrothers will dig around in the sofa cushions in the rumpus room and find it.