Freddy Garcia and the Yankees have agreed to a one-year, $5 million contract, according to Jon Heyman of SI.com.
Garcia proved to be a tremendous bargain for New York this year, winning a rotation spot in the spring training after signing for a minor-league deal and throwing 147 innings with a 3.62 ERA that was his best since 2001.
As part of that contract Garcia earned $1.5 million in guaranteed money and another $3 million or so in incentives, so he’ll get a light raise and significantly more upfront cash at age 35.
Barring a trade the Yankees’ rotation looks set with Garcia joining CC Sabathia, Ivan Nova, A.J. Burnett, and Phil Hughes