1:32pm: Masterson receives a $9.7625MM salary, tweets Jon Heyman of CBS Sports, placing him slightly below the midpoint between his figure and the club's figure.
1:25pm: The Indians and Justin Masterson have reached an agreement on a one-year deal to avoid an arbitration hearing, according to MLB.com's Jordan Bastian (on Twitter).
Masterson, who turns 29 in a month, is the last of the Indians' arbitration eligible players to resolve his case. The team went to hearings with right-handers Vinnie Pestano and Josh Tomlin (their first hearings since 1991), with Cleveland winning both cases.
Masterson told Bastian within the past hour that he and the Indians were "really close" on a one-year deal to avoid arbitration. The right-hander posted a 3.45 ERA in 193 innings with 9.1 K/9, 3.5 BB/9 and a 58 percent ground-ball rate that led all qualified big league starters. He filed for an $11.8MM salary while the Indians filed at $8.05MM, as can be seen in MLBTR's Arbitration Tracker. This will be his final year of team control before he is eligible for free agency.
With Masterson's case now resolved, the only two unresolved players in baseball are Homer Bailey and Brandon Belt, though Bailey is said to be "on the one-yard line" in extension talks with the Reds.