Mike Pelfrey Signed For What!

2011: 7 W, 13 L, 4.74 ERA, 1.47 WHIP

I just heard from Adam Rubin of ESPN, that Mike Pelfrey has avoided arbitration and agreed to a one-year deal for <brace yourself> $5.675 million dollars. Wow, that’s incredible…

That’s a $1.75 million dollar raise for Big Pelf who is coming off one of the worst performances of any starting pitcher in MLB who made 30 or more starts in 2011.

He’ll be earning more this season than what Chris Capuano got from the Los Angeles Dodgers, who Rubin sdays will get $10 million for two years.

Pelfrey’s Road Splits: 5.49 ERA, 1.560 WHIP, .304 BA, .836 OPS

While you chew on that, Andres Torres also avoided arbitration with the Mets and agreed to a one year deal worth $2.7 million.

Seriously, I know things are bad and cash is sparse, but can’t we do a better job of spending what little we have rather than squandering it on moves like this? Giving Pelfrey almost $6 million dollars might be as bad as giving Jon Rauch $3.5 million to pitch in the 6th and 7th innings.