Update: Martin and the Yankees agreed to a deal worth $7.5 million with another possible $100K in incentives, Jon Heyman reported.
The two sides exchanged figures headed to arbitration last week with Martin asking for $8.2 million and the Yankees countering with $7 million. There is no word on what exactly they settled on, but something around $7.6 million seems likely.
This deal will keep Martin in Pinstripes for at least one more year and he will be a free agent next offseason. Brian Cashman has gone on record saying he would like a long-term deal with Martin, but he makes a practice of waiting until a player’s deal has expired before re-signing him.