David Price, the American League Cy Young Award winner, has reached agreement on a one-year contract with the Tampa Bay Rays to avoid salary arbitration. The deal was reported by ESPN.com on Tuesday and announced by the club Wednesday. The 27-year-old Price, who made $4.35 million last season, will make $10.1125 million in the coming season, the Rays said. He will be eligible for free agency after the 2015 season.
