BY: John Mamola

The Tampa Bay Rays have reached a one year deal with Cy Young Award winner David Price thus avoiding arbitration.  This has been confirmed by the Rays to 620 WDAE.  The deal is believed to be in the area of ten million dollars. 

Price made $4.35 million in 2012 and was arbitration-eligible for a second time due to his "Super Two" classification.

Players who have at least three years, but no more than six, of MLB service time, are eligible to file for arbitration. However players in the top 17 percent, based on service time, with at least two but fewer than three years of service are eligible for arbitration under "Super Two" status. The rule states that a player must have at least 86 days of service in the immediately preceding season to qualify for this status.

Price, who went 20-5 with a 2.56 ERA last season, is eligible for free agency after the 2015 season.

Original press release from Tampa Bay:

ST. PETERSBURG, FL—The Tampa Bay Rays have agreed to a one-year contract and avoided arbitration with the 2012 American League Cy Young Award winner, left-handed pitcher David Price.

Price, 27, will earn $10.1125 million in 2013.  In 2012, he went 20-5 with a 2.56 ERA (211-IP, 60-ER) and 205 strikeouts in 31 starts.  He led the AL in ERA and wins (tied with Jered Weaver of the Los Angeles Angels of Anaheim), becoming the first in Rays history to lead the league in either category.  He also held opponents to a .318 slugging percentage, lowest in the AL, and made 23 starts of seven innings or more, most in the majors.

In five seasons with the Rays, Price has gone 61-31 with a 3.16 ERA and earned three All-Star selections (2010-12). In club history, he ranks second in wins (61) and third in innings pitched (786.1), strikeouts (725) and starts (120).  His .680 winning percentage (51-24) since the start of 2010 ranks third highest in the majors behind only Justin Verlander of the Detroit Tigers and CC Sabathia of the New York Yankees.