The New York Yankees reportedly signed veteran pitcher Carlos Carrasco to a minor-league deal on Monday, per Jack Curry of YES Network.

The 37-year-old will be a long shot to crack the team's rotation or pitching staff after going 3-10 for the Cleveland Guardians last season with a 5.64 ERA, 1.39 WHIP and 89 strikeouts in 21 starts (103.2 innings).

In his prime years, Carrasco was a legitimate top-of-the-rotation option. Between 2015-18 he pitched 180 or more innings in three seasons, hit 200 strikeouts three times and never posted an ERA worse than 3.63.

He's been more erratic in the years since, with strong campaigns in the COVID-shortened season of 2020 (3-4 with a 2.91 ERA, 1.20 WHIP and 82 strikeouts in 68 innings) and in 2022 for the New York Mets (15-7 with a 3.97 ERA, 1.32 WHIP and 152 strikeouts in 152 innings).

But the Yankees don't need Carrasco more anything more than depth. The team is set at starting pitcher, with Gerrit Cole, Max Fried, Carlos Rodón, Clarke Schmidt and Luis Gil comprising the expected rotation and Marcus Stroman a strong No. 6 option if he isn't traded to address other needs.

So Carrasco will be competing with pitchers like Will Warren, Clayton Beeter, JT Brubaker and Allan Winans to serve as a depth option. Having rotational depth was important for the Yankees in 2023, as injuries limited Cole to 17 starts and Schmidt to 16, though the emergence of Gil seriously mitigated those absences.

While the Carrasco addition won't dominate the headlines, the Yankees continue to pivot from the loss of Juan Soto. Thus far this offseason they've added Fried, Cody Bellinger, Paul Goldschmidt and Devin Williams, among other moves, spreading out their resources to address a number of needs.

Whether it's enough to return to the World Series—or keep pace with the Los Angeles Dodgers, who by the time you are done reading this may have added another star player—remains to be seen.