Alex Rodriguez to undergo hip surgery on January 16

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MLB.com beat writer Bryan Hoch passes along news from the Yankees:

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The Yankees signed Kevin Youkilis to a one-year, $12 million free agent contract early last month and will feature him as their starting third baseman through at least the first half of the 2013 season.

A-Rod’s owed $28 million in 2013, $25 million in 2014, $21 million in 2015, and $20 million in 2016 and 2017.