Reports: David Price signs with Tampa Bay

Jan. 1, 2013 at 9:57 PM

ST. PETERSBURG, Fla., Jan. 1 (UPI) -- Reigning Cy Young Award-winning pitcher David Price and the Tampa Bay Rays have agreed on a one-year contract, ESPN and the Tampa Bay Times reported Tuesday.

The media outlets, without specifying their sources, said Price and the team have avoided arbitration with a deal worth just over $10 million.

The 27-year-old three-time all-star was paid $4.35 million last season while he racked up a 20-5 record with an American League-best 2.56 ERA.

The left-hander has posted a 61-31 career record with a 3.16 ERA in 125 career appearances (including 120 starts) with the Rays.

Price also sports a 1-3 mark and 3.96 ERA in eight post-season appearances for the club.

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