Blue Jays and Jason Frasor avoid arbitration with one-year contract

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The Blue Jays and Jason Frasor have avoided arbitration by agreeing to a one-year, $3.5 million contract, according to a team press release. The contract includes a $3.75 million team option for 2012.

The 33-year-old Frasor accepted arbitration from the Blue Jays at the end of November, a decision motivated by his Type A free agent status, which would have likely limited the number of interested teams.

Scott Downs and Kevin Gregg both left via free agency this winter, but the Blue Jays are still in good shape in their bullpen after the additions of Carlos Villaneuva, Octavio Dotel, Jon Rauch, and most recently, Frank Francisco.

As a result of the Vernon Wells trade last Friday, Frasor is now the longest tenured player on the Blue Jays. The right-hander posted a 3.68 ERA and 65/27 K/BB ratio over 63 2/3 innings last season. He has topped 60 appearances in each of the last two seasons.

Report: Yankees J.A. Happ, closing in on a three-year deal

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UPDATE: Rosenthal is now walking the report back a bit, saying that indications that the Yankees and Happ are close to a deal but that it is not yet done.

10:29 AM: Ken Rosenthal reports that the Yankees and J.A. Happ have come to terms on a three-year deal. The agreement is pending a physical. The financial terms are not yet known.

Happ just turned 36, but he has been effective enough to warrant a three-year commitment. The Yankees know this as well as anyone, having acquired him last year and watched him post a 7-0 record and a 2.69 ERA in 11 starts in New York. For the entire season he was 17-6 with a 3.65 ERA and a K/BB ratio of 193/51 in 177.2 innings between the Yankees and the Blue Jays.

With Happ back in the fold, the Yankees rotation now consists of Luis Severino, James Paxton, Happ, Masahiro Tanaka and CC Sabathia, not necessarily in that order. A good group, assuming it stays healthy.