David Price is still a couple years away from free agency but already it’s clear that his services don’t come cheap.
The former Vanderbilt All-American and the 2012 American League Cy Young Award winner agreed to a one-year deal with the Tampa Bay Rays that will pay him $10.1 million in 2013. The Rays formally announced the deal Wednesday afternoon.
The pact allowed the sides to avoid arbitration but did not cover the 27-year-old lefthander until he is eligible for free agency, which is after the 2015 season. Thus the issue of his long-term future with the team remained unresolved.
Price earned $4.35 million last season when he went 20-5 with a league-leading 2.56 ERA.
He was the first overall pick in the 2007 MLB draft and made his Major League debut late the following year, when he helped the Rays reach the World Series. He has a 61-31 career record with a 3.16 ERA and has been selected to three straight A.L. All-Star teams.