The Pittsburgh Pirates have agreed to a one year deal with closer Joel Hanrahan, avoiding arbitration. The terms of the deal aren't yet known. Hanrahan was projected for a $4 M salary through arbitration, after earning $1.4 M in 2011.

UPDATE 10:40 AM: Per Keith Law, Hanrahan receives $4.1 M. The 2012 40-man roster/payroll is updated.

UPDATE 10:50 AM: MLBTR reports that Hanrahan will receive an additional $10 K each for 40 and 45 games finished, and $15 K each for 50 and 60 games finished. Hanrahan had 59 games finished last year in his first full season as the Pirates' closer....

To continue reading the rest of this article, subscribe to Pirates Prospects. Subscribers get access to every article on the site, along with all of our exclusive live coverage of the Pirates' minor league system, all for a very low monthly or yearly rate.

If you're already a member, you can log in below. If you think you're receiving this message in error, please e-mail tim@piratesprospects.com.