Originally written January 02, 2013 on hardballchat.com:
The Tampa Bay rays have avoided arbitration with the reigning American League Cy Young Award winner, reaching an agreement on a one year deal worth $10 million with David Price. While still a bargain considering his talent, it will still be quite a bump in salary for Price, who earned just over $4.3 million for the 2012 season, one in which he captured his first Cy Young award. Price finished last season with a record of 20-5 with an ERA of 2.56 to narrowly edge out Detroit Tigers ace Justin Verlander, who was seeking his second consecutive Cy Young award. Of course, this is something that the rays and Price should get used to, as the pitcher is not eligible for free agency until after the 2015 season. Where the rays are not likely to sign Price to a long term deal any sooner than they need to, the two sides may either reach salary arbitration or come close in each of the next three offseasons. After all, why overpay a player unless it is deemed absolutely necessary? If the rays can work on one year deals season to season for the next few years, why commit a ton of money to a player when you can simply make him earn his keep from year to year? In case you haven’t noticed, the rays are not exactly the New York Yankees or Boston Red Sox. They are run much better.   The post MLB Rumors: Tampa Bay Rays Sign David Price To Avoid Salary Arbitration appeared first on Hardball Chat Baseball Blog.

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