The Yankees agreed to one-year contracts with infielder/outfielder Oswaldo Cabrera and right-hander Clarke Schmidt on Friday, avoiding arbitration, while non-tendering five pitchers ahead of a late-afternoon deadline.

Among the players cut loose was right-hander Mark Leiter, Jr., who made 59 appearances but faded during the second half of the season. The club also non-tendered right-handers Michael Arias, Jake Cousins, Scott Effross, and Ian Hamilton, making all five immediate free agents.

Signings & Trades

Schmidt agreed to a $4.5 million salary for 2026 as he continues his rehab from Tommy John surgery performed in July. The 29-year-old aims to return during the second half of the season, coming off a campaign in which he posted a 4-4 record with a 3.32 ERA in 14 starts.

Cabrera will

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