[UPDATE] Jon Heyman says the deal is for $10.1 million.
[YESTERDAY] Jerry Crasnick of ESPN.com is reporting that David Price has agreed to a 1-year contract with the Rays. Terms of the deal are not yet known.
Price was eligible for arbitration for the second time. He made $4.35 million in 2012 and was looking at a hefty raise. We had him projected to make $9.5 million in 2013.