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 firstname.lastname@example.org
To contact the editor responsible for this story: Michael Sillup at email@example.com