The Pirates and Hanrahan have agreed to a one year deal.
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....
Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with AccuScore.com, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.