The Yankees have DFA'd RHP Nick Goody to make room on the 40-man roster for re-signed LHP Aroldis Chapman, the team announced.
The Yankees and Chapman recently agreed to a five-year, $86 million deal.
"I love the (Yankees) organization," Chapman told ESPN's Marly Rivera. "They welcomed me with open arms and that's why I decided to go back. I was hoping I had a chance to go back and it happened."
The Marlins also made a push for Chapman, offering $87 million over five years, reports Joel Sherman of the NY Post.
Chapman will be able to opt out of his contract after three years, according to Rosenthal. His contract will have a full no-trade clause over the first three years of his deal and a limited no-trade clause for the final two, which according to Rivera, is a no-trade provision to a West Coast team.
GM Brian Cashman said Chapman, the 28-year-old reliever whom the Yankees acquired from the Reds last winter then traded to the Cubs at the trade deadline, was his top bullpen target. Cashman viewed closer Kenley Jansen as a backup plan and made him an offer, according to FanRag Sports' Jon Heyman.
Chapman missed the first 29 games of the 2016 season after the MLB suspended him under its domestic violence policy. The Yankees traded him to the Cubs in July for a package of four players, including top prospect Gleyber Torres.
He went 4-1 with 36 saves, a 1.55 ERA and 90 strikeouts in 58 innings across 59 games for both the Cubs and Yankees last year, helping lead the Cubs to their first World Series title in 108 years.
"Every player dreams of being a Yankee," Chapman told Rivera, "and if they don't it's because they never got the chance."
The Yankees had one major move to handle this offseason and with locking down Chapman they succeeded. The Yankees once again have two of the best relievers at the backend of the bullpen as Chapman returns to the Bronx to team with Dellin Betances.
The Yankees and Chapman seemed destined for a reunion as each party made it publicly known that they wanted to rekindle the relationship. The Yankees might not get the biggest benefit of Chapman's talents this season, as the team does not currently sit as a major playoff contender. But, this deal has more to do with having Chapman for 2018 and beyond when the Yankees feel they will be in a better position to be ultra competitive and push for a World Series title.