NEW YORK (AP) - Right-hander Phil Hughes and the New York Yankees have agreed to a $7.15 million, one-year contract, a raise of $3.75 million.
Wednesday's deal, which is not guaranteed, avoided salary arbitration. Players and teams without agreements are set to swap proposed arbitration salaries on Friday.
Hughes, who is eligible for free agency after next season, was 18-8 in 2010, slumped to 5-5 the following season as injuries slowed him, then rebounded to a 16-13 record last year.
Three Yankees remain in arbitration: right-handers David Robertson and Joba Chamberlain, and left-hander Boone Logan.
New York's projected payroll is at about $198 million for 15 players, including $8.5 million the Yankees are paying Pittsburgh as part of last year's trade sending A.J. Burnett to the Pirates.

Top MLB Public Bets

MLB Top Stories

Thumbnail Cardinals vs. D-Backs Prediction Will Carlos Martinez on the hill, will the Cardinals pick up a road win versus the Diamondbacks tonight at 9:40PM ET?
Thumbnail Orioles vs. Blue Jays Prediction Is the total in tonight's AL East matchup between the Orioles and Blue Jays at 7:07PM ET set too high?
Thumbnail Athletics vs. Astros Pick Will the Houston Astros have any trouble at home when they play host to the Oakland Athletics tonight at...
Thumbnail Yankees vs. White Sox Pick Will the New York Yankees grab another road victory tonight when they take on the Chicago White Sox...
Thumbnail Royals vs. Tigers Pick Can the Detroit Tigers make up some ground on the Kansas City Royals when the two open their series...

MLB Team Pages