5:15pm: Jon Heyman says the contract is worth $5.6M, so they settled at the midpoint of the two filing numbers.

5:14pm: The Yankees have agreed to a non-guaranteed one-year contract with Nathan Eovaldi, avoiding arbitration, the team announced. Financial terms of the deal are unknown. I’m sure they’ll be reported soon enough. Eovaldi is under team control through 2017.

Prior to last Friday’s deadline, Eovaldi filed for a $6.3M salary while the Yankees countered with $4.9M. The midpoint is $5.6M, which is slightly under MLBTR’s $5.7M projection. I thought there was a chance the Yankees would look to sign Eovaldi long-term given the cost of pitching, but it didn’t happen.

Eovaldi, 25, had a 4.20 ERA (3.42 FIP) in 154.1 innings last season before suffering an elbow injury in mid-September. He was excellent for a few weeks in the middle of the summer, when he seemed to finally get comfortable with his new splitter. The elbow injury put a real damper on things.

The Yankees still have two arbitration-eligible players left unsigned: Aroldis Chapman ($13.1M vs. $9M) and Ivan Nova ($4.6M vs. $3.8M). Arbitration hearings will take place throughout February, though the two sides can still discuss a contract of any size before then.