ESPN runs an unsigned AP report that Milwaukee has agreed on a one-year deal with right handed reliever Todd Coffey to avoid a salary arbitration hearing. The one year contract will pay Coffey $2,025,002 for 2010, which is two and a half times his 2009 salary. Coffey had requested $2.45 million, and the Brewers responded with an offer of $1.7 million.
The mid-point between the asking and offering figure for Coffey was $2,075,000. His 2010 salary of $2,025,002 is $49,998 below that mid-point. Coffey continues to show his affinity for deals ending with $2; he made $800,002 in 2009. The gap between Coffey and the Brewers was the largest of the four players who exchanged arbitration figures with the team.
In his first full season with the Brewers, Coffey established himself as a steady bullpen arm. He split eight decisions while saving a pair of games and earning holds in another 28. His ERA of 2.90 was a career best, as was his 83.7 innings pitched. He'll be setting up Trevor Hoffman once again in 2010.
Coffey's signing reduces the number of players whose cases are pending to 34. The Brewers have three cases pending with arbitration eligible players. They'll have until hearings begin in February to sign Corey Hart, David Bush and Carlos Villanueva. Please visit the salary arbitration figures page for more information.
Joe Tetreault is a member of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey.
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