1:00pm: The deal is worth $625K, ESPN.com's Buster Olney reports (on Twitter). This means Matt Swartz's projection was within $25K.
12:27pm: The Yankees announced that they avoided arbitration with catcher Eli Whiteside, agreeing to a one-year contract for 2013. Pro Star Management, Inc. represents the catcher, who was claimed off of waivers from the Giants on November 5th.
Whiteside appeared in 12 games with the Giants this past season and played another 60 contests with San Francisco's Triple-A affiliate. In parts of five seasons at the MLB level, the 33-year-old has a .215/.273/.335 batting line.