Reds closer Raisel Iglesias agreed Wednesday to a three-year contract guaranteeing $24,125,000, a deal that avoided arbitration.

Iglesias reached a $27 million, seven-year agreement in 2014 that allowed him to void the remainder of the deal once he was eligible for salary arbitration.

The New York Yankees have reached an agreement to bring back veteran pitcher CC Sabathia on a one-year, $8 million deal, according to ESPN and multiple reports.

The 38-year-old lefty has played the past 10 seasons of his 18-season career with the Yankees.