The Yankees announced that they agreed to terms on contracts with all of their remaining players with zero to three years of Major League service time.
Yankees general manager Brian Cashman said that the team has the option to renew contracts for the upcoming season, but only does so in instances in which the team and player cannot come to terms on a contract.
"You only renew players when you can't agree," Cashman said. "We had no renewals this year. Every year is different camp to camp. We have a system in place."
Envisioned as the Yankees' fifth starter entering the regular season, Chamberlain would earn $234,000 if he spent the entire year in the Minor Leagues. He earned $390,000 last season, when he was 4-3 with a 2.60 ERA in 42 games (12 starts) for New York.
In addition to Chamberlain, the Yankees agreed to terms on 2009 contracts with the following players: Alfredo Aceves, Jonathan Albaladejo, Francisco Cervelli, Anthony Claggett, Phil Coke, Wilkin De La Rosa, Christian Garcia, Brett Gardner, Dan Giese, Eric Hacker, Phil Hughes, Steven Jackson, Ian Kennedy, Edwar Ramirez, Cody Ransom, Dave Robertson, Humberto Sanchez and Jose Veras.
Bryan Hoch is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.