Mets and Mike Pelfrey Avoid Arbitration

According to Adam Rubin of ESPN New York, the Mets and Mike Pelfrey have avoided arbitration and agreed to a one year deal.

Rubin says the deal will pay Pelfrey approximately $4 million, after he earned $3.3 million in 2010.

Updated by Matthew Cerrone at 1:50 pm:

In October, I figured Pelfrey would end up getting between $3 and $5 million, based on where the market is and how similar talent was paid in recent, similar situations. ┬áHis 2010 season was probably worth double that on the open market, if not slightly more, and so he is still a bargain – especially at $4 million.

Updated by Matthew Cerrone at 1:53 pm:

The late buzz from Citi Field suggests that both RA Dickey and Angel Pagan could be headed to arbitration, as opposed to settling like Pelfrey.