Matt Garza agrees to one-year, $10.25 million deal with Cubs to avoid arbitration

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The Cubs and right-hander Matt Garza have avoided arbitration by agreeing to a one-year, $10.25 million contract. Garza’s representation at CAA Baseball made the announcement on Twitter.

Garza gets a slight raise from the $9.5 million salary he made last season. The 29-year-old right-hander posted a 3.91 ERA and 96/32 K/BB ratio over 103 2/3 innings before being shut down in mid-July with a stress reaction in his right elbow.

Garza has resumed throwing and is expected to be ready for spring training, but he could become a valuable trade chip if he proves his health. He’s currently set to become a free agent following the 2013 season.

Giancarlo Stanton will defend his Home Run Derby title

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The Marlins announced on Sunday that outfielder Giancarlo Stanton will defend his Home Run Derby title when the city of Miami host’s the All-Star Game festivities next month.

Stanton, 27, defeated Todd Frazier in the finals of last year’s Home Run Derby at Petco Park, hitting 20 home runs to Frazier’s 13. Stanton hit a total of 61 home runs in the Derby. This will be the third Home Run Derby in which Stanton has participated.

Stanton also went 1-for-3 with a solo home run to help the Marlins defeat the Cubs 4-2 on Sunday. He’s now batting .274/.357/.551 with 20 home runs and 49 RBI in 311 plate appearances.

Aaron Hicks to go on the disabled list with an oblique injury

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Yankees outfielder Aaron Hicks left Sunday’s game against the Rangers after four innings due to soreness in his right oblique. After the game, Hicks said he expects to go on the 10-day disabled list and miss the next three to four weeks, MLB.com’s Bryan Hoch reports.

Hicks was 1-for-2 with a single before departing on Sunday. He entered the game batting .288/.397/.515 with 10 home runs and 37 RBI in 198 plate appearances. It is by far the best season of his career.

Jacoby Ellsbury is on his way back from a concussion, so the Yankees will only have to bridge the gap in center field for a week or two. Mason Williams could draw some starts in center field in the meantime.