Free-agent pitcher Bronson Arroyo and the Arizona Diamondbacks have reached agreement on a two-year, $23.5 million contract with a club option for a third year, team president Derrick Hall confirmed Friday. Arroyo, who turns 37 this month, will make base salaries of $9.5 million in 2014 and 2015. The deal includes an $11 million club option for 2016 and a $4.5 million buyout. The Baltimore Orioles also made a serious run at Arroyo, who was one of the top remaining pitchers left on the market. Arroyo is 138-127 with a 4.19 ERA over 14 seasons with Pittsburgh, Boston and Cincinnati. He's pitched for the Reds since 2006, when they acquired him from the Red Sox in a trade for outfielder Wily Mo Pena, and was 14-12 with a 3.79 ERA and 124 strikeouts last season. Read more http://espn.go.com/mlb/story/_/id/1...yo-reaches-two-year-deal-arizona-diamondbacks