The Rays have announced that they have avoided arbitration with David Price by agreeing to a 1-year, $14 million contract (first reported by Marc Topkin).
Price had a salary of $10.1 million in 2013. However, Price had $4 million of that deferred to this season, bringing the total commitment to Price in 2014 to $18 million.
The Rays can still trade Price if the right offer comes along. But at this point it is looking more and more like Price will start the season in a Rays uniform.
Price’s raise also brings the projected payroll for the 2014 season to $76.3 million, not counting the $4 million in deferred salary for Price.
Price was projected to make $13.1 million via arbitration according to MLB Trade Rumors.