Rays avoid arbitration with David Price on one-year, $14M deal

MORE: FA tracker: position players | FA tracker: pitchers

The Tampa Bay Rays have avoided heading to salary arbitration with ace pitcher David Price, as the two sides have agreed upon a deal for the 2014 season that will pay Price $14 million, the club announced Thursday.

The deal doesn't affect Price's free agency (set for after the 2015 season) or his trade value. It is newsworthy, however, because this will mark the highest single-season salary in the history of the Rays franchise -- assuming the Rays hold onto Price, which seems to be where things are headed right now. Evan Longoria will eventually surpass that salary (2019), but for now, Price is the highest-paid Ray ever for one season.

Price, a 28-year-old left-hander, was 10-8 with a 3.33 ERA, 1.10 WHIP and 151 strikeouts in 186 2/3 innings last season. After he returned healthy from his DL stint, though, Price went 9-4 with a 2.53 ERA. His complete-game victory in the 163rd game of the season propelled the Rays into the playoffs.

A three-time All-Star, Price won the 2012 AL Cy Young and was the runner up in 2010.

CBS Sports Writer

Matt Snyder has been a baseball writer with CBS Sports since 2011. A member of the BBWAA, he's now covered the last five World Series beginning with the epic 2011 Fall Classic. The former Indiana University... Full Bio

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