No, not with an MLB club or even a minor league contract.  He signed with a club in the Dominican Republic league.

Now before the "who cares, he's not a Yankee" crwod bashes me, some of us do follow the fortunes of former Yankee players.  And in Sanchez' case especially because there were rumors that with Yankee catchers falling like flies the Yankees might bring him back.  Phew!