Molina signed, Phillips gone

The Yankees announced the signing of backup catcher Jose Molina today in Nashville. He signed a two-year deal worth $4 million.

To make room for Molina on the 40-man roster, the Yankees designated Andy Phillips for assignment.

No complaints here. Molina's acquisition last year was a solid move and he's one of the better backups on the market. With Shelley Duncan, Wilson Betemit and Jason Giambi on the roster, there isn't much room for Phillips.