Yankees sign Heath Bell to a minor league deal

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The Yankees have signed veteran reliever Heath Bell to a minor league deal and assigned him to Triple-A Scranton/Wilkes-Barre, Chad Jennings of the LoHud.com reports. To make room for him on the RailRiders roster, right-handed pitcher Mark Montgomery was moved from Triple-A to Double-A Trenton.

Bell, 36, opted out of his minor league deal with the Orioles on Sunday when he learned that he wasn’t a candidate for a promotion at the time. He had signed with the club on May 16 after having been released by the Rays days prior.

In 17 1/3 innings at the major league level with the Rays, Bell posted a 7.27 ERA with a 12/8 K/BB ratio. With Triple-A Norfolk in the Orioles’ system, Bell posted a 4.22 ERA with an 11/6 K/BB ratio in 10 2/3 innings.

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Cubs sign Drew Smyly to a two-year, $10 million contract

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The Cubs announced on Tuesday evening that the club signed pitcher Drew Smyly to a two-year contract. Ken Rosenthal of The Athletic reports the contract is for $10 million total and allows Smyly to earn another $7 million with performance bonuses. Smyly was non-tendered by the Mariners at the beginning of the month and became a free agent.

Smyly, 28, underwent season-ending Tommy John surgery in late June. He’s expected to miss, at minimum, the first half of the 2018 season. The Cubs are hoping he can contribute to a playoff push in the latter half of the season as well as in 2019.

Smyly didn’t pitch at all in 2017. When he was healthy the season prior, he made 30 starts for the Rays and put up a 4.88 ERA and a 167/49 K/BB ratio in 175 1/3 innings.