David Price, Tampa Bay Rays agree to $14 million, 1-year deal and avoid salary arbitration

1/16/2014
ASSOCIATED PRESS
Cy-Young-Awards-Baseball-David-Price-1

2012 Cy Young Award winner David Price has been the subject of trade speculation after going 10-8 with a 3.33 ERA last year while earning $10,112,500.

ASSOCIATED PRESS

2012 Cy Young Award winner David Price has been the subject of trade speculation after going 10-8 with a 3.33 ERA last year while earning $10,112,500.
2012 Cy Young Award winner David Price has been the subject of trade speculation after going 10-8 with a 3.33 ERA last year while earning $10,112,500.

ST. PETERSBURG, Fla. — Three-time AL All-Star David Price and the Tampa Bay Rays have agreed to a $14 million, one-year contract, the highest single-season salary in franchise history.

The 2012 Cy Young Award winner has been the subject of trade speculation after going 10-8 with a 3.33 ERA last year while earning $10,112,500. He is eligible for free agency after the 2015 season.

His 2013 season was interrupted by his first stint on the disabled list, caused by a strained triceps.

Price is the Rays career leader in ERA and winning percentage, and he is second in victories.

Tampa Bay, which made the playoffs for the fourth time in six seasons, announced the deal Thursday.