Kei Igawa is one of the most disappointing pitchers this millennium.
He signed to a 5 year $20 million contract in 2006, and expected a lot of him after having a successful career in Japan. Yankees put him in the starting rotation but after a few starts, they knew he wasn't good for the Majors.
Last year, he spent the entire year on the Scranton/Wilkes-Barre Yankees, posting a 4.15 ERA: not impressive for the bigs.
He is a good AAA Minor League pitcher, but not good enough to be called up, not even to the bullpen.
It looks as if he has no future with that Yankees, unless he signs to a cheap deal. He'll be lucky to just sign with another ML team because of the fact that he is older now and proved that he can not pitch in the Big Leagues.
The good news is that his fastball still acceptable, but other than that below average.
He will be kept in the Yankees farm system until his contract ends, and will NOT be resigned.