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Yankees sign one-year, $7.15 million contract with Phil Hughes, avoiding arbitration

Jan 16, 2013, 6:43 PM EDT

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From beat writer Mark Feinsand of the New York Daily News comes word that the Yankees have avoided arbitration with right-hander Phil Hughes by agreeing to a one-year, $7.15 million contract.

Hughes is in his third year of arbitration eligiblily. He made $2.7 million in 2011 and $3.2 million in 2012. If the Yankees don’t lock him at some point this season, he will hit free agency in the fall.

Hughes posted a decent 4.23 ERA and 1.27 WHIP across 32 starts last summer, fanning 165 batters and issuing only 46 walks. The 26-year-old owns a 4.39 career ERA and a 1.29 career WHIP through his first six major league seasons.

  1. mianfr - Jan 16, 2013 at 6:55 PM

    Holy crap that’s a lot for a pitcher who gave up two home runs while I was writing this.

  2. yanks33 - Jan 16, 2013 at 7:21 PM

    Talk about over paying….they want to get there cap down yet you shed out 7 mil for a mediocre pitcher? I just don’t understand that

    • koufaxmitzvah - Jan 17, 2013 at 10:39 AM

      It’s called the power of the MLBPA. James Loney had a similar structure to his payments as a Dodger last year. The philosophy is basically that if a team is going to use a young player to shore up a position for a certain number of years, that player will at least have enough money to not have to worry about finding some other job right away should the relationship not work itself out.

  3. uyf1950 - Jan 16, 2013 at 7:48 PM

    A little more then I would have thought he would have gotten via arbitration but when you consider Ryan Dempster just signed a 2 year deal for $13,25MM per the Yankees deal with Hughes seems more then reasonable.

  4. Glenn - Jan 16, 2013 at 9:23 PM

    I still think Hughes has a few good years ahead of him. I hope not, but I think he does.

  5. lazlosother - Jan 17, 2013 at 12:25 AM

    According to Frangraphs, Hughes should be worth the 7.5 mil., and may be a bargain if he can improve just a bit over last year. This one won’t hurt NY. While he isn’t a steal at the price he isn’t going to be grossly overpaid either, and it’s a one year deal.

  6. cackalackyank - Jan 17, 2013 at 4:54 PM

    Yes there are the Gopher Balls, but he was able to take the ball 32 times last year, and with other older pitchers that are at least as “mediocre” as he is getting almost double I would say it’s a deal. I am guessing he gets a 5/45 or a 4/40 offer which he will likely reject and end up getting someone to give him 3/39.

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