Diaz played in High-A last season for the Pirates so there is no indication that this will be anything more than a depth signing much like the Eddy Rodriguez signing from earlier this winter. Kyle Higashioka was a catcher in the Yankees system at an advanced age for his affiliate and hit free agency this season so Diaz is likely to replace Higashioka in Tampa or Charleston.
Welcome to the family Francisco.
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Sorry for the Capatcha... Blame the Russians :)