By Jeff Louderback
Boston’s new closer Joel Hanrahan signed a one-year, $7.04 million contract on Friday, avoiding arbitration.
The 31-year-old right-hander was acquired from Pittsburgh along with infielder Brock Holt for outfielder/first baseman Jerry Sands, reliever Mark Melancon, infielder Ivan De Jesus and minor league pitcher Stolmy Pimentel.
Upon his arrival in Boston, Hanrahan was named the opening day closer by manager John Farrell. A second round pick of the Dodgers in 2000, Hanrahan saved 76 games over the last two seasons for the Pirates and posted a 2.59 ERA and 1.20 WHIP in four years with the club. He spent two full seasons with the Washington Nationals before he was traded to the Pirates on June 30, 2009 with outfielder Lastings Milledge for Sean Burnett and Nyjer Morgan.
Hanrahan, who is eligible for free agency after the 2013 campaign, can also receive $15,000 earn each for completing 45 games, 50 games, 55 games and 60 games.