The San Francisco Giants have signed Sergio Romo to a 1-year deal, according to the team (via Andrew Baggarly on twitter). This allows both sides to avoid arbitration. Romo will earn $1.575MM in 2012, according to Jon Heyman of CBS Sports.
Romo, 28, is coming off a fantastic season of historical proportions. The righty posted a 14.00 K/BB ratio, 0.708 WHIP, and a 239 ERA+ in 48 innings as the Giants' set-up man. Despite not pitching all that much, he managed to rack up 2.0 wins above replacement on the year.
The Giants' only remaining arbitration-eligible is now Tim Lincecum, whose case has already broken records. When Lincecum and the Giants exchanged arbitration figures earlier this week, both parties filed record-breaking marks (Lincecum at $21.5M, the Giants at $17M). As a two-time Cy Young award winner coming off another strong season, this comes as no surprise. Wendy Thurm of Fangraphs speculated that if it does come down to an arbitration hearing, the arbitrators will go with the Giants' offer of $17M.