Reds give Hughes two-year deal

Reliever Jared Hughes and the Cincinnati Reds have agreed to a $4.5 million, two-year contract that includes a club option for 2020.

Hughes gets $2,125,000 in each of the next two seasons under the deal announced Tuesday, and the Reds have a $3 million option with a $250,000 buyout.

He can earn an additional $750,000 annually in performance bonuses for games: $100,000 each for 25, 30, 35, 40, 45 and 50, and $75,000 apiece for 55 and 60.

A 32-year-old right-hander, Hughes went 5-3 with a 3.02 ERA for the Milwaukee Brewers last season with one save in 67 appearances. He became a free agent when the Brewers failed to offer a 2018 contract by the Dec. 1 deadline.

Hughes pitched his first six seasons in the majors with Pittsburgh.

Deal set for Sabathia: CC Sabathia’s $10 million, one-year contract has been finalized by the Yankees, a deal that raises New York’s projected luxury tax payroll for next year to about $178 million.

The deal was announced Tuesday, about 10 days after the sides reached an agreement pending a physical. The 37-year-old left-hander is taking a pay cut from the $25 million he earned this year, when he went 14-5 with a 3.69 ERA in 27 starts for his best season since 2012. He was 9-0 with a 1.71 ERA in 10 starts following a Yankees loss.

Sabathia needs periodic injections in his surgically repaired right knee. The six-time all-star is part of a rotation that includes Luis Severino, Masahiro Tanaka, Sonny Gray and Jordan Montgomery.

Sabathia is 237-146 with a 3.70 ERA and 2,846 strikeouts in 17 big league seasons with Cleveland (2001-’08), Milwaukee (2008) and the Yankees, who first signed him to a $161 million, seven-year deal in 2009. When Sabathia had the right to opt out after the 2011 season, the Yankees agreed to a deal that paid him $25 million in 2016 and included a $25 million option for 2017 that became guaranteed because he did not finish 2016 with a left shoulder injury.