Feb 16, 2013, 9:32 PM EST
Richard, who was arbitration-eligible for the second time this winter, earned $2.705 million last season while posting a 3.99 ERA and 107/42 K/BB ratio over 218 2/3 innings. The 29-year-old requested $5.55 million and was offered $4.91 million by the Padres when arbitration figures were exchanged last month, so the two sides settled for a little over the midpoint.
There’s some significance to this agreement, as Richard was the lone arbitration-eligible player left unsigned in MLB. This means that there won’t be a single arbitration hearing in MLB this winter. FOX Sports’ Ken Rosenthal notes that under the current set-up, there has never been a year with fewer than three arbitration hearings until now. That’s a pretty good indication of labor peace.
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