Yankees, Martin avoid arbitration with one-year deal
Posted January 24, 2012 7:20 pm.
This article is more than 5 years old.
THE ASSOCIATED PRESS
NEW YORK — All-star Canadian catcher Russell Martin and the New York Yankees avoided salary arbitration when they agreed to a US$7.5 million, one-year contract.
The deal, announced Tuesday, was $100,000 under the midpoint between the $8.2 million he had asked for in arbitration and the $7 million the Yankees had offered when proposed salaries were exchanged last week.
The Chelsea, Que., native also can earn performances bonuses.
Martin hit .237 with 18 homers and 65 RBIs last year for the Yankees, who signed him after the Los Angeles Dodgers failed to offer a contract. He had a $4 million base salary and earned $1,375,000 in performance bonuses.
He is eligible for free agency after next season.
Lefty reliever Boone Logan is the last Yankees player still in arbitration.
