1:00pm: The deal is worth $625K, ESPN.com's Buster Olney reports (on Twitter). This means Matt Swartz's projection was within $25K.
12:27pm: The Yankees announced that they avoided arbitration with catcher Eli Whiteside, agreeing to a one-year contract for 2013. Pro Star Management, Inc. represents the catcher, who was claimed off of waivers from the Giants on November 5th.
Whiteside had been a non-tender candidate with a projected salary of $600K. Be sure to check out MLBTR's Non-Tender Tracker for the status of arbitration eligible players.
Whiteside appeared in 12 games with the Giants this past season and played another 60 contests with San Francisco's Triple-A affiliate. In parts of five seasons at the MLB level, the 33-year-old has a .215/.273/.335 batting line.