Mets and R.A. Dickey avoid arbitration, agree to two-year deal

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UPDATE: Mike Puma of the New York Post reports that the deal is worth about $8 million.

11:13 PM, Friday: The Mets might be hard up for cash, but they just signed one of their pitchers to a multi-year contract.

According to Andy Martino, the Mets and R.A. Dickey avoided arbitration by agreeing to a two-year contract with a club option for 2013, pending a physical.

The new deal covers his final arbitration season and at least his first year of free agency. Exact terms aren’t yet known, but Dickey requested $4.7 million and was offered $3.35 million from the Mets when arbitration figures were exchanged last Tuesday.

The 36-year-old knuckleballer was a revelation for the Mets last season, posting a 2.84 ERA, 1.19 WHIP and 104/42 K/BB ratio over 174 1/3 innings.

I’m expecting something in the range of two years and $8-9 million, maybe a little more in the form of a buyout. If Dickey can prove that last season wasn’t a fluke, the Mets will have done very well here.

UPDATE: Andy Martino of the New York Daily News reports that including the option and potential incentives, Dickey could make $13 million over the length of the contract.

Dodgers designate Sergio Romo for assignment

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The Dodgers announced on Thursday that the club activated pitcher Grant Dayton from the 10-day disabled list and designated pitcher Sergio Romo for assignment.

Dayton, 29, went on the disabled list earlier this month with neck stiffness. He’ll resume with a 3.63 ERA and a 20/12 K/BB ratio in 22 1/3 innings.

Romo, 34, signed a one-year, $3 million deal with the Dodgers in February. It didn’t really work out, as the right-hander posted a 6.12 ERA with a 31/12 K/BB ratio in 25 innings. His peripherals are still decent, so it wouldn’t be surprising if a team in need of a bullpen arm makes a deal with the Dodgers within the week.

Nate Karns underwent season-ending surgery for thoracic outlet syndrome

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MLB.com’s Jeffrey Flanagan reports that Royals pitcher Nate Karns underwent surgery for thoracic outlet syndrome on Wednesday. He’s expected to be ready for spring training next year. Karns went on the disabled list in May with an elbow injury and didn’t make much progress.

The Royals acquired Karns from the Mariners in January in exchange for outfielder Jarrod Dyson. Over eight starts and one relief appearance, the 29-year-old right-hander compiled a 4.17 ERA and a 51/13 K/BB ratio in 45 1/3 innings.

Karns will enter his first of three years of arbitration eligibility after the season, so he’ll be under the Royals’ control through 2020.