Walter, a Yankee with something handy for baseball (5)
I believe the answer is:
mitty
'walter' is the definition.
(main character in The Secret Life of Walter Mitty)
I can't explain the remainder of the clue.
Can you help me to learn more?
(Other definitions for mitty that I've seen before include "Walter --, Thurber's daydreaming hero" , "Walter ---, Thurber's fantasist" .)