Just a day after losing free agent Ubaldo Jimenez to free agency, the Cleveland Indians locked up starting pitcher Justin Masterson for at least another year after they agreed to a one-year deal worth $9.7625 million.
The deal helped the Indians and Masterson avoid an arbitration hearing set for Thursday. Before the deal, the two parties were far from a deal with Masterson seeking $11.8 million, while the Indians countered with $8.05 million.
There was a possibility of a long-term deal over the winter, however nothing came of it. Masterson will become a free agent following next season.
"We've got plenty of time to work on anything like that," Masterson said. "It's just working through it, what the value is, what's reasonable pay, how things work. It's a different system, especially when you've got to be really smart about how you move your money around and you want to make sure you're making a good investment.
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