The Rays Tank: David Price, Rays avoid arbitration

J. Meric

The Cy Young winner got himself paid.

At the same time that the U.S. Government was busy pulling itself together to solve this fiscal cliff debacle, the Tampa Bay Rays avoided a bit of a looming fiscal hiccup of its own, by agreeing to terms on a 1-year deal with Cy Young winner and staff ace, David Price.

The deal will pay Price just over $10-million for 2013, a sizable raise from his $4.35-million 2012 earnings. Price was entering his second year of arbitration eligibility and had been projected to make $9.5MM by MLBTradeRumors' Matt Swartz.

The left-hander will be eligible for free agency in 2016 but will first see two more hefty raises in arbitration for 2014 and 2015. A long term deal seems less likely each day and trade talks surrounding the three-time All Star will no doubt accelerate heading into next off-season.

The deal also makes Price the highest paid Ray--baring further off-season moves--eclipsing Evan Longoria's $6-million salary.

UPDATE:

The exact figures of the new deal are $10.1125-million, per Roger Mooney of the Tamp Tribune.

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