Updated: 12/02/2013 7:25 pm
Bronx, NY (SportsNetwork.com) - The New York Yankees announced Monday that the team has re-signed infielder Brendan Ryan to a two-year contract that includes a mutual option for the 2016 season.
FoxSports.com had previously reported the deal to be worth $5 million over the next two seasons and contains incentives that could push the total value to $10 million.
Ryan, who was acquired by New York in a trade with Seattle in September, batted just .197 with four home runs and 22 RBI over 104 games with the Yankees and Mariners last season. The veteran is well-regarded for his defensive abilities, however, and provides experienced insurance at shortstop with team captain Derek Jeter coming off a fractured ankle and turning 40 years old in June.
Over seven major league seasons with St. Louis, Seattle and New York, Ryan owns a .237 lifetime average with 19 homers, 187 RBI and 67 stolen bases. The 31-year-old started the final 17 games for the Yankees at shortstop in 2013 with Jeter sidelined, hitting .220 with one homer in 59 at-bats.
With Ryan retained, the Yankees declined to offer a contract to fellow infielder Jayson Nix at Monday's deadline to tender arbitration-eligible players.
Nix started 74 games between shortstop and third base last season due to injuries to Jeter and Alex Rodriguez, but hit just .236 with three homers and 24 RBI over 267 at-bats.
New York also non-tendered infielder David Adams and reliever Matt Daley.
Adams hit a subpar .193 with two homers and 13 RBI as a rookie in 2013. The 31-year-old Daley spent most of last season at Triple-A Scranton-Wilkes Barre, but did not allow a run over six innings in seven appearances during his brief time with the Yankees.