Indians, Justin Masterson table extension talks, now focusing on one-year deal

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According to Paul Hoynes of the Cleveland Plain Dealer, the Indians and right-hander Justin Masterson have put extension talks on hold and are now focusing on a one-year deal in advance of an arbitration hearing on February 20.

Masterson, who is due to hit free agency next offseason, requested $11.8 million and was offered $8.05 million by the Indians when arbitration figures were exchanged earlier this month. Both sides have said that they are open to a multi-year deal, but Hoynes hears that “little, if any” progress has been made. Putting aside the issue of an extension, the $3.75 million gap between Masterson and the Indians is the largest among any unsigned player who filed for arbitration, so they’ll have to make a lot of progress to even avoid a hearing.

Masterson posted a 3.45 ERA and 195/76 K/BB ratio over 193 innings last season. He turns 29 in March, so another solid year would put him in position for a lucrative contract next winter.