Yankees sign one-year, $7.15 million contract with Phil Hughes, avoiding arbitration

Yankees sign one-year, $7.15 million contract with Phil Hughes, avoiding arbitration
January 16, 2013, 6:43 pm
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From beat writer Mark Feinsand of the New York Daily News comes word that the Yankees have avoided arbitration with right-hander Phil Hughes by agreeing to a one-year, $7.15 million contract. Hughes is in his third year of arbitration eligiblily. He made $2.7 million in 2011 and $3.2 million in 2012. If the Yankees don’t lock him at…