Andrew Bailey RP NYY Jan 18 '13

Red Sox and RHP Andrew Bailey avoided arbitration by agreeing to a one-year, $4.1 million contract.

It was the first time Bailey was eligible for arbitration, and he'll get a slight raise from the $3.9 million he earned a season ago. With the recent acquisition of Joel Hanrahan, Bailey will be thrust into a setup role in what's shaping up to be a spectacular Red Sox bullpen.

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