The Red Sox and Joel Hanrahan avoided arbitration with a one-year deal worth $7.04MM, MLBTR's Tim Dierkes has learned. Hanrahan, a Reynolds Sports Management client, will earn 15K for completing 45 games, 50 games, 55 games and 60 games.
Acquired from Pittsburgh in a trade last month, Hanrahan had a projected salary of $6.9MM. The 31-year-old had been arbitraiton eligible for the third and final time following a season in which he saved 36 games and posted a 2.72 ERA with 10.1 K/9 and 5.4 BB/9 in 59 2/3 innings. He remains on track to hit free agency next offseason.