Chavez, 34, had a injury-ridden season, only playing 58 games with the Yankees in 2011, with a .263 average, 26 RBI and 2 home runs.
That's nothing that will wow you, but he does have a solid glove and om the field, he's a good backup for Alex Rodriguez and Ramiro Pena.
Ibanez, 39, had a pretty succesful year for the Phillies last year, hitting 20 home runs and 84 RBIs. He was signed primarily as a designated hitter, although he can still play left field when needed.
Both are pretty good deals for the Yankees.
It gives them veteran experience and depth on the bench, something you can never have too much of.
Unfortunately, Chavez can never really stay healthy. He had a good start to the 2011 season, but quickly fell to leg and foot issues. Ibanez is likely the bigger impact signing out of the two players. Being a left handed hitter, Ibanez could realistically hit for 25+ home runs and around 100 RBIs.
After the Yankees shipped A.J. Burnett to the Pirates over the weekend, there was almost no doubt they would be adding the two players.
Aside from what they bring to the field, both players are a great presence in the clubhouse. You have to like these signings, and the Yankees' depth going into the 2012 season.
On both fronts, they have a surplus of talent, with only more waiting in the minors. This has to be the deepest team we have seen in the Bronx in some years, sort of reminiscent of the great teams of the '90s dynasty.