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Hot Stove: Rays, David Price avoid arbitration with 1-year deal

According to multiple reports, the Rays and left-hander David Price [1] — the 2012 American League [2] Cy Young Award winner — avoided salary arbitration by agreeing to a one-year deal. Jon Heyman of CBSSports.com reports [3] that the deal will pay Price $10.1 million in 2013. Price, who is arbitration eligible for the second time but remains three years from free agency, more than doubled his 2012 salary of $4.35 million. The 27-year-old went 20-5 with a 2.56 ERA and 205 strikeouts in 211 innings, leading the American League in wins and ERA.