6:52pm: Via David Waldstein, Martin got $7.5M with another $100k in performance bonuses. Just under the midpoint, in terms of guaranteed money. Sweeny Murti said the two sides talked about a two-year deal, which would be ideal, really.
6:05pm: The Yankees announced that they’ve avoided arbitration with Russell Martin by agreeing to a one-year contract. No word on the terms yet, but Russ filed for $8.2M while the team countered with $7M last week. Splitting the difference and calling it $7.6M seems fair enough. Martin is eligible for free agency after this coming season, and there’s been some speculation that the Yankees could look to sign him to a multi-year contract. That can still happen at any time, this deal doesn’t change that at all. The team’s only remaining unsigned arbitration-eligible player is Boone Logan.