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ESPN: Price Agrees to One-Year Deal With Rays

Robbie Rogers/MLB Photos via Getty Images(NEW YORK) -- The Tampa Bay Rays and pitcher David Price agreed to a one-year deal allowing them to avoid salary arbitration, according to a baseball source of ESPN.

ESPN's Buster Olney tweeted the deal is worth a little more than $10 million.

Price finished last season with a 20-5 record to go along with a 2.56 ERA and a 1.10 WHIP, leading him to win the American League Cy Young award.

For his career, the 27-year-old Price is 61-31 with a 3.16 ERA and a 1.17 WHIP.

Copyright 2013 ABC News Radio

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