The Tampa Bay Rays have agreed a deal with pitcher David Price worth $14m to avoid arbitration, the club announced on Thursday.

Price earned $10.1m last season when he achieved 10-8 with a 3.33 ERA, 1.10 WHIP and 151 strikeouts in 186 2/3 innings while also spending six weeks on the disabled list with a strained tricep.

The deal makes Price the highest single-season earner in the history of the Tampa Bay Rays franchise, surpassing Carlos Pena who made $10.25m in 2010.

Evan Longoria will surpass the figure when he earns $14.5m in 2019.

Three-time All-Star, Price is still pencilled in for free agency in the 2015 season with the Rays' financial restrictions expected to stop them from re-signing him when his deal ends.

It also doesn't guarantee that Price won't be traded in this off-season but, as the season nears, the possibility of him moving becomes less likely.

Price has achieved a 71-29 record and 3.19 ERA over five-plus season, winning the 2012 American League Cy Young Award.

Currently Jeremy Hellickson, Matt Joyce, Sean Rodriguez, Jake McGee, Jose Lobaton, Cesar Ramos of the Tampa Bay Rays are all eligible for arbitration.

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