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David Price (Courtesy of TBO.com)

MLB Trade Rumors has reported that 27 year-old LHP David Price has reached a one-year deal with the Rays, avoiding arbitration.

It was projected that Price would make just north of $9.5MM in 2013, more than doubling last years salary of $4.3MM. The terms of the deal have been released, and the Rays ace will receive just over $10MM next season, making him the highest paid Ray on the roster.

This is the second time that the left-handed 2012 Cy Young award winner has been arbitration eligible, thanks to his Super Two status. Price could hit the open market after the 2015 season if the Rays don’t find a way to lock him up in a long-term contract.

Price, 27, is 61-31 with a career 3.16 ERA in the big leagues. He has made the All-Star roster in three consecutive seasons, going 20-5 with a league-leading 2.56 ERA last season, while narrowly edging out Justin Verlander for the Cy Young Award.

Noteworthiness

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