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Rays’ David Price Avoids Arbitration With 1-Year Deal, ESPN Says

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Jan. 2 (Bloomberg) -- Cy Young Award-winning pitcher David Price of the Tampa Bay Rays avoided arbitration by agreeing to a one-year contract with the team, ESPN reported.

Price, who made $4.35 million last season, will make about $10 million in 2013, ESPN said, citing a person within Major League Baseball it didn’t identify.

Price, 27, will be eligible for free agency after the 2015 season. He went 20-5 last year with a 2.56 earned run average to win the Cy Young Award as the American League’s best pitcher. In five seasons in the major leagues he’s 61-31 with a 3.16 ERA.

To contact the reporter on this story: Mason Levinson in New York at mlevinson@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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