Yankees Re-Sign Phil Hughes!
The NY Yankees re-signed right hander Phil Hughes to a one-year deal worth $7.15 Million; a $3.75 Million raise from last season! Hughes has been a reliable regular season pitcher, and the Yankees wanted to avoid salary arbitration, so it seemed like a logical decision. Hughes broke out in 2010 with a 18-8 record for the Yankees, and then the following season, plagued with injuries, dropped to 5-5. Last season, Hughes put a respectable 16-13 record with the Yankees. Players and teams that do not have their free agents locked up, will swap players arbitration salaries on Friday. The Yankees have 15 players locked up right now for a projected payroll of $198 Million; including $8.5 Million the Yankees are paying Pittsburgh for unloading A.J. Burnett there. Check out other Yankees still dealing with salary arbitration above!