Rays sign David Price to one-year deal

Rays starter David Price pitches against the Yankees at Yankee Stadium in New York, N.Y., Sept. 14,...

Rays starter David Price pitches against the Yankees at Yankee Stadium in New York, N.Y., Sept. 14, 2012. (RAY STUBBLEBINE/Reuters)

QMI Agency

, Last Updated: 10:49 PM ET

The Tampa Bay Rays avoided arbitration with lefty David Price, signing the 2012 American League Cy Young Award winner to a one-year, $10.1125 million contract Wednesday.

The 27-year-old starting pitcher went 20-5 with an league-best 2.56 ERA and 205 strikeouts in 31 games last season. He pitched at least seven innings in 23 of his starts, the most in Major League Baseball.

A three-time all-star, Price has a 61-31 record and a 3.16 ERA in five seasons with the Rays.


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