As first reported by Jack Curry, the Yankees and Ivan Nova agreed to a 1-year deal today, avoiding arbitration in the process. The deal is for $4.1 million with some unknown performance incentives and it has been confirmed by the team. Dollar amount is right smack dab in the middle of the figures that both sides submitted previously. Nova is coming off a tough year in his first season back on the hill after TJS. The Yankees were shopping him as aggressively as they could earlier in the offseason and he's effectively lost his rotation spot based on his injuries and uneven performance, but with nobody biting on the trade front Nova obviously holds a lot more value to the team as part of the pitching staff. He's expected to work as a starter in spring camp but will likely settle into a long relief/swingman role as long as nobody gets hurt. Nova has always had command problems, but he has the stuff to be an effective starter and possibly even a very effective reliever if he can establish some form of consistency.
With Nova signed, Aroldis Chapman is the sole remaining unsigned arb-eligible guy. Hopefully he and the club come to an agreement quickly.