Source: Chase Headley, Yanks agree

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Headley, who played the previous six seasons for the Padres, had a breakout year in 2012, hitting 31 home runs and leading the National League with 115 RBIs -- big numbers considering Petco Park's dimensions and the lineup around him. He added a Gold Glove Award and finished a deserving fifth in the NL MVP voting.

Headley, who will turn 31 in May, was paid $10.525 million in 2014.

In eight seasons, he has hit .265 with 93 home runs and 418 RBIs.

Wallace Matthews of ESPNNewYork.com contributed to this report.