11:34am: Pestano’s deal is worth $1.15MM, per Jeff Fletcher of the Orange County Register (on Twitter). MLBTR contributor Matt Swartz had pegged him for a $1.2MM salary.
11:24am: The Angels announced that they have avoided arbitration with right-hander Vinnie Pestano by agreeing to a one-year contract for the 2015 season.
Pestano, a client of the Legacy Agency’s Greg Genske, was acquired by the Halos in August after the team claimed him from the Indians on revocable trade waivers. The 29-year-old had to be excited by the move, as it allowed him a chance to pitch in his hometown. Pestano, an Anaheim-area native, impressed in a short sample with the Angels, allowing just one run on five hits and four walks in 9 2/3 innings with 13 strikeouts. Formerly a wipeout setup man for the Indians, his stock dropped in Cleveland prior to the trade. However, he still owns an excellent 2.83 ERA with 10.9 K/9 and 3.7 BB/9 in 191 big league innings.
Sounds like he made the Angels an offer they couldn’t refuse
Whew…now that’s a huge load off my mind! !!