The Pittsburgh Pirates and Joel Hanrahan have agreed to a one year deal, avoiding arbitration, according to Rocco DeMaro on Twitter. No word yet on the amount of the deal. I had estimated $2 M on the 40-man roster/payroll projection page.
The market for relievers has been high this off-season, and that only strengthened today when Heath Bell and Matt Capps each received over $7 M to avoid arbitration. Capps and Bell would have each been in their final years of arbitration, which explains the high price.
I’ll update this post when more details are announced.
UPDATE 4:55 PM: Colin Dunlap tweets that the Pirates’ deal with Hanrahan is for $1.4 M. That’s $600,000 less than I projected. The 40-man roster/payroll projection is now updated. The projected payroll is now just under $40 M.