7:27pm: The contract includes an attainable $275K bonus for games finished, Davidoff tweets.
6:56pm: Chamberlain's deal will pay him $1.875MM, according to Ken Davidoff of Newsday (on Twitter).
6:33pm: The Yankees announced that they have avoided arbitration with Joba Chamberlain by agreeing to terms on a one-year, non-guaranteed deal. There's no word on the dollar amount just yet.
Chamberlain has suffered a number of setbacks over the years, including Tommy John surgery in 2011 and a dislocated ankle prior to the 2012 season. The once-promising prospect has made just 49 relief appearances across the last two seasons, posting a 3.47 ERA with 8.4 K/9 and 2.4 BB/9.
The right-hander recently changed representation, following agent Jim Murray to Excel Sports Management after his departure from the Hendricks Brothers firm. MLBTR's Arbitration Tracker shows that the Bombers have two remaining cases in David Robertson and Boone Logan.