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Rays, David Price avoid arbitration for $14 million

Division Series - Tampa Bay Rays v Boston Red Sox - Game Two

BOSTON, MA - OCTOBER 05: David Price #14 of the Tampa Bay Rays pitches against the Boston Red Sox during Game Two of the American League Division Series at Fenway Park on October 5, 2013 in Boston, Massachusetts. (Photo by Jared Wickerham/Getty Images)

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David Price and the Rays won’t be going through an arbitration hearing, as the two sides have agreed to a one-year, $14 million contract. For comparison, Tampa Bay’s entire payroll last season was $58 million.

Price will be arbitration eligible for the final time in 2015 before hitting the open market as a free agent, which is why he’s been the subject of trade speculation that will no doubt continue. I’d bet Price read a few articles about Clayton Kershaw yesterday.

He made $10 million last season, starting 27 games with a 3.33 ERA and 151/27 K/BB ratio in 187 innings as the follow-up to his Cy Young-winning 2012 campaign.

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