Matt Thornton, whose $6 million option for 2014 was declined by the Red Sox, has signed a two-year, $7 million deal with the Yankees according to Jack Curry of YES Network.

After a five-year run as one of the best left-handed relievers in baseball Thornton showed some signs of slipping this year, particularly with his strikeout rate and velocity, but he still posted a 3.74 ERA in 43 innings.

However, the Red Sox didn’t think he was worth trusting in the playoffs and at age 37 a two-year commitment is risky for the Yankees. Of course, $3.5 million per season is below the going rate for southpaw relievers at this point and the guy Thornton is replacing in the Yankees’ bullpen, Boone Logan, got a three-year, $15 million deal from the Rockies.