Red Sox sign former Yankees reliever Alfredo Aceves

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Nick Cafardo of the Boston Globe reports that the Red Sox have agreed to a major-league contract with reliever Alfredo Aceves, who spent the past three seasons pitching for the Yankees.

New York non-tendered Aceves after he was limited to just 12 innings last season because of a back injury and then suffered a broken left clavicle during a bike-riding accident in Mexico.

Barring a setback he’s expected to be ready by March and he’s a nice buy-low pickup after posting a 3.21 ERA and 87/30 K/BB ratio in 126 innings spread over 54 relief appearances and five starts. If healthy the 28-year-old right-hander will work middle relief for the Red Sox.

UPDATE: Buster Olney of ESPN.com says the deal is worth $650,000, plus another $100,000 in possible incentives. Very worthwhile flier for Boston.