10:00am: As former Yankees starter Phil Hughes ventures out from the Bronx for the first time in his career, he is expected to be able to find a multi-year deal, reports George A. King III of the New York Post (hat tip to ESPNNewYork.com's Adam Rubin). That, in turn, means that the Mets are likely out of the running, with King saying that the club was interested but only on a one-year deal.
A scout that King spoke with said that it would not be shocking to see Hughes land a $15MM guarantee on a two-year pact. Unlike Josh Johnson, whose agent specifically said he was seeking a one-year contract to rebuild value, Hughes is seemingly looking to max out years and earnings. According to King, teams with current interest in Hughes include his hometown Angels as well as the Twins, Mariners, and Royals. Indeed, as frustrating as Hughes has been at times, his youth, durability, and arguable upside -- combined with the scarcity of pitching available -- should bolster his market.
In his profile of Hughes, MLBTR's Steve Adams predicted a one-year, $8MM deal while noting that Hughes could instead probably get a second year if he wanted to increase his guarantee. As Adams observed, Hughes would still hit the market again at under thirty years of age if he lands a second season.