Chicago Cubs castoff Carlos Silva has found a landing spot, signing a minor league deal with the New York Yankees on Saturday. Silva and the Cubs had an apparent falling out during spring training and Silva was sent packing before the beginning of the regular season. Public statements ripping the organization over his place with the team didn't go over well, causing general manager Jim Hendry to outright release Silva while issuing a strongly worded statement. 

Sports Illustrated's Jon Heyman reported the news before Ken Rosenthal swooped in to tweet the details, including what the minor league contract means for the Cubs.

Silva minor-lg deal with Yankees, as first reported by @SI_JonHeyman. Will report to Tampa on Wed. #Cubs owe him 11.5M plus 2M buyout on mutual option. #Yankees will be responsible only for major-lg minimum with #Cubs paying rest if he is added to roster.

A minor league deal comes with virtually no risk for the Yankees, who can give Silva another shot at a small cost while the Cubs eat the bulk of his salary.

For more on the Silva's new home, check out SB Nation's Pinstripe Alley.