In a move that avoided arbitration, the Yankees and Chien-Ming Wang agreed to a one-year deal worth $5 million. To me, this is a steal for a pitcher of Wang’s capabilities. He has a career record of 54-20, 3.79 ERA, is a ground-ball machine, will turn 29 just before the start of the season, and could expect a big payday after next season. With him back and healthy, the Yankees have two aces with Wang and Sabathia, and in Burnett a third when he’s on.
The Yankees did the right thing and granted Wang a million-dollar raise from 2008. They also averted any potential hurt feelings, since Wang lost his arbitration case before last season. The Yankees got off easy paying Wang $5 million this year. They won’t be so lucky next season.