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Former New York Yankees first baseman Cecil Fielder took a $4.4 million paycut to sign with the Anaheim Angels, agreeing to a $2.8 million, one-year contract.

Fielder made $7.2 million in 1997, the final season of a five-year contract worth $36,187,500. He can earn an additional $200,000 in performance bonuses under the contract announced today: $50,000 each for 450, 500, 550 and 600 plate appearances.

Fielder, 34, hit .260 with 13 homers and 61 RBIs in 98 games last season, when he missed two months with of a thumb injury. He has 302 career homers.

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