Mitre earned $1.25 million last season and had a team option for $1.25 for 2010, but the Yankees declined that looking to keep him at a lesser value. He didn’t pitch well in 2009, but he did come back from Tommy John surgery after only 11 months when it usually takes 12-18. It is certainly possible he would have better command and be more consistent in 2010.
Mitre does not have any more options left so if he doesn’t make the 25-man roster out of spring training the Yankees would have to send him through waivers before assigning him to the minors. That almost guarantees that they would lose him in that scenario as it is hard to imagine 29 teams passing up on a relatively decent young pitcher at such a reasonable contract.
Essentially, the Yankees have gotten themselves a pitcher on the cheap and if he doesn’t work out he’ll go become somebody else’s problem. Anyone else like this move?