After winning 11 more games in 2012 than in 2011 and lowering his ERA from 5.79 to 4.23, Hughes will more than double his 2012 salary of $3.2 million in the upcoming season.
Though Hughes won 16 of his 32 starts, he also lost 13 games as he pitched a career-high 191.1 innings in 2012. The 26 year-old right-hander reached a single-season career-high in strikeouts as well, passing his 2010 total of 146 with 165 last season.
With New York's new focus on limiting their spending, Hughes could be facing his final season in pinstripes. The young veteran will be looking to cash in on a multi-year contract next offseason as he enters the prime of his career, but the Yankees are likely to pass on making any deals that will stop them from lowering the team's payroll under the $189 million luxury tax threshold by the start of the 2014 season.
Relievers Joba Chamberlain, Boone Logan, and David Robertson are the only remaining Yankees players who are eligible for arbitration.
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