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David Price and Rays avoid salary arbitration
David Price - S - Tampa Bay Rays
Jan. 1, 2013 - 8:05 PM ET

Rays and LHP David Price avoided arbitration by agreeing to a one-year contract.

The deal is worth just over $10 million. Price won the American League Cy Young Award in 2012 after posting a 2.56 ERA, 1.10 WHIP and 205/59 K/BB ratio in 211 innings. The 27-year-old left-hander could be even better in 2013. He's not eligible for free agency until 2016.

Source: ESPN.com