Yanks avoid arbitration with Xavier Nady

According to Dylan Hernandez of the LA Times, the Yanks and Xavier Nady have agreed to a $6.55 million salary for 2009. This is $0.55 million more than I had estimated. The Yanks still have Brian Bruney and Melky Cabrera on the agenda, though you have to figure those will get done relatively soon. The Yanks’ other arbitration case, Chien-Ming Wang, agreed to a $5 million contract last month.

I took down the salary cap post in favor of this. That one will re-appear shortly.