The Yankees and Phil Hughes have avoided arbitration by agreeing to a one-year contract for 2012, the team announced. His agent says the deal is worth $3.2M with performance bonuses, so he received just a $500k raise thanks to his disaster season. A repeat of his 2010 effort would have bumped Phil’s salary north of $5M. Hughes was arbitration-eligible for the second time, meaning he’ll go through this again next offseason then qualify for free agency the offseason after that.
Noon ET tomorrow is the deadline for teams and their eligible players to submit arbitration figures, so a bunch of signings will happen in the morning. The Yankees have five more players up for arbitration: Russell Martin, David Robertson, Joba Chamberlain, Boone Logan, and Brett Gardner. MLBTR has projected salaries.