Sheffield's deal, which includes $13.5 million in deferred money and a $13 million team option for 2007, took weeks to complete after the outfielder and owner George Steinbrenner agreed to the basics. In the end, Sheffield dropped his demand to eliminate the deferred money.

The Yankees planned an afternoon news conference to introduce their new right fielder. That position was manned by several players last season for New York.

Sheffield, 35, hit .330 for Atlanta last season with 39 homers and a career-high 132 RBIs. The seven-time All-Star broke into the majors in 1988 with the Milwaukee Brewers (news), and he's also played for the Padres, Marlins and Dodgers.