Mark Reynolds has agreed to a deal with the Yankees, GM Brian Cashman confirmed Thursday.

The Indians designated Reynolds for assignment last week, ending his first season in Cleveland.

Lacking a power-hitting right-handed bat, the Indians signed Reynolds to a one-year, $6M contract in December. The Yankees also have had issues with right-handed power this season.

Chase Utley and the Phillies agreed to a contract extension that could keep the five-time All-Star second baseman in Philadelphia through at least the 2015 season, sources confirmed to ESPN on Wednesday.

The deal is worth $27M for two seasons with multiple vesting options, sources told ESPN's Jayson Stark.