According to Jen Langosch of MLB.com, the Pirates have agreed to terms with arb-eligible reliever Joel Hanrahan for a one-year contract. Keith Law of ESPN.com says the deal is worth $4.1M, just about at his estimated value. Rob Biertempfel of the Trib adds that it includes just $50K in performance bonuses, so it looks like Hanny structured his deal to be securely front-loaded.
That number flips his 2011 salary of $1.4M. The 30 year old righty, acquired from the Nats in 2009 as part of the Nyjer Morgan/Sean Burnett trade along with Lastings Milledge, appeared in 70 games for the Pirates last year with a 1-4-40 record, 1.83 ERA, and earned an All-Star spot.
The Bucs have five arb guys to ink yet (Garrett Jones, Jeff Karstens, Casey McGehee, Evan Meek, Charlie Morton) and all but Meek should fall between the $2-3M payscale. But Hanny was the main man of the group, so his signing should help get the other deals moving.