The Yankees and Phil Hughes have avoided salary arbitration by agreeing on a one-year contract, according to Chad Jennings of the Journal News. Terms of the contract were not officially disclosed, but Mark Feinsand of the Daily News is reporting that two sources have said the deal is worth $7.15 million, more than double what Hughes made last season ($3.2 mil).
In 2012, Hughes went 16-13 with a 4.23 ERA in 32 starts, while throwing a career high 191 1/3 innings; this was Hughes’ final year of arbitration eligibility. Hughes will be hoping to have a big year in 2013, as he will be a free agent at season’s end. Look for him to possibly finally have that breakout year many have been predicting.