(AP)— A person familiar with the negotiations says free agent outfielder Matt Holliday and the New York Yankees have agreed to a $13 million, one-year contract.

Holliday, who turns 37 next month, fits into the Yankees strategy of signing veterans to short-term deals while pivoting toward a youth movement.

A seven-time All-Star, Holliday has slipped lately. He hit .246 with 20 homers and 62 RBIs in 110 games last season with St. Louis.