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Rays avoid arbitration with 2012 American League Cy Young Award winner David Price

Jan 1, 2013, 6:46 PM EST

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From ESPN’s Jerry Crasnick comes word that the Rays and left-hander David Price avoided salary arbitration Tuesday by agreeing to a one-year deal.

The exact financial details haven’t been disclosed.

Price, a Super Two qualifier who’s arbitration-eligible for the second time, turned in a dominant 2.56 ERA, 1.10 WHIP and 8.7 K/9 in 31 starts last season for Tampa Bay en route to capturing Cy Young Award honors in the American League. He was named an All-Star in July and wound up with a few MVP votes.

The 27-year-old southpaw is not eligible for free agency until after the 2015 campaign. He owns a 3.16 career ERA through four-plus MLB seasons.

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UPDATE, 7:47 PM: According to Joe Smith of the Tampa Bay Times, Price will get “just over $10 million” in 2013. That’s more than double the $4.35 million he made last season in his first year of salary arbitration.

  1. dondada10 - Jan 1, 2013 at 6:58 PM

    It’s gonna be interesting to see what happens with Price. He’s gonna get pretty expensive in arbitration.

  2. proudlycanadian - Jan 1, 2013 at 7:03 PM

    Price is a great pitcher and I was lucky to have him on my fantasy team last season. He has a great personality and is fun to watch.

  3. raysfan1 - Jan 1, 2013 at 7:07 PM

    Great! Now let’s hope we can work a long term deal.

    • cackalackyank - Jan 1, 2013 at 7:22 PM

      We will have to see what happens. Price will be 30 when FA elegible. Assuming he continues be successful and healthy it would seem he would project to command @ 5 years/140 million. Unless the Rays are imminently moving to a real stadium I do not think they can swing that, or buy that out any time soon.

      • raysfan1 - Jan 1, 2013 at 10:12 PM

        Agreed. I believe their TV contract will be redone by then, but the Rays won’t break the bank to keep him.

    • indaburg - Jan 1, 2013 at 10:12 PM

      How I wish. Sadly, I don’t think it’s going to happen. Price’s agent, Bo McKinnis, had this to say a few weeks ago:

      “He (Price) wants to have the best contract in baseball, however that may be defined. He expects to be the best in everything that he does. So hopefully we’re able to make that marriage between the Rays and that best contract. But we also recognize the economics of the game may not allow that.”

      I don’t know McKinnis’s definition of the “best contract”, but I’m guessing it’s the one that offers the most money.

      • raysfan1 - Jan 1, 2013 at 10:41 PM

        Usually, but if he is willing to trade years for dollars per annum in order to have greater security, perhaps something can be done.

  4. paperlions - Jan 1, 2013 at 8:07 PM

    This is what is so sad in baseball today. Teams like the Rays are nearly obligated to trade away elite talents they develop just when they are hitting their prime. They can afford to keep one, maybe two, of the guys they develop….everyone else will have to go when they get expensive.

    • Mark - Jan 1, 2013 at 10:05 PM

      While it sucks that they can’t keep some of their elite guys like Price, it’s also true they miss out on a lot of the decline years of the players they don’t extend. Imagine if they had re-signed Carl Crawford, for instance.

      • paperlions - Jan 1, 2013 at 10:50 PM

        Very true.

  5. mymaria2012 - Jan 2, 2013 at 12:52 PM

    Reblogged this on Baseball is life…. and commented:
    Congrads David Price! Lets Go Rays!

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