St. Petersburg, FL – The Tampa Bay Rays and 2012 Cy Young Award winner David Price have avoided arbitration by agreeing on a one-year contract.
The Tampa Bay Times reports the deal is worth just over $10 million.
The 27-year-old left-hander went 20-5 with an American League-best 2.56 ERA over 31 starts for the Rays last season.
A three-time All Star, Price has a 61-31 career record with a 3.16 earned run average through 125 games (120 starts) with Tampa Bay.
He has also went 1-3 with a 3.96 ERA and one save in eight career postseason appearances, including three starts.
Fox News First
Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox.
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.