Shaw agreed to a one-year deal worth $2.75 million with the Indians on Thursday, avoiding arbitration, FOX Sports' Ken Rosenthal reports.

EDGE Analysis

Shaw has established himself as the Indians' primary setup man in recent years, making 77 eighth inning appearances over the last two seasons. However, with Cody Allen firmly in place as the team's closer, Shaw's value is capped in leagues that don't factor for holds.