Yanks, Mitre avoid arbitration

Via Jerry Crasnick, the Yankees and righthander Sergio Mitre agreed to a one year contract worth $850,000, avoiding arbitration. The deal also includes some performance incentives. The Yanks declined Mitre’s $1.25M option back in November with the idea of signing him to a cheaper deal, and obviously it worked. He’s out of options, so he would have to clear waivers to be assigned to the minors.

Mitre was pretty terrible with the Yankees (6.79 ERA, 5.30 FIP), but it’s a good low risk deal. Very easy to back out of, and if nothing else he’ll be a decent innings eating mop up guy. Chad Gaudin is the team’s only remaining arbitration eligible player.