Rays and LHP David Price avoided arbitration Tuesday by agreeing to a one-year contract.
Financial details are not yet available. Price won the American League Cy Young Award in 2012 after posting a 2.56 ERA, 1.10 WHIP and 205/59 K/BB ratio in 211 innings. The 27-year-old left-hander could be even better in 2013. He's not eligible for free agency until 2016.