Via Jon Morosi, the Yankees and Cory Wade have agreed to a non-guaranteed one-year deal worth $500k for next season, or $20k over the league minimum. Wade was not a free agent and he fell a few weeks shy of qualifying for salary arbitration, so the Yankees were able to renew his contract at basically whatever salary they wanted. Wade did a fine job after being plucked off the scrap heap at midseason, pitching to a 2.04 ERA and a 3.76 FIP in 39.2 IP. He figures to again serve as one of Joe Girardi‘s primary pre-seventh inning relievers.
Aside: I don’t know for sure because this stuff is next to impossible to confirm, but it appears as though Wade has a minor league option remaining. If so, he can go to the minors without a hitch next year. Hooray for flexibility.