Rays, David Price avoid arbitration for $14 million

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David Price and the Rays won’t be going through an arbitration hearing, as the two sides have agreed to a one-year, $14 million contract. For comparison, Tampa Bay’s entire payroll last season was $58 million.

Price will be arbitration eligible for the final time in 2015 before hitting the open market as a free agent, which is why he’s been the subject of trade speculation that will no doubt continue. I’d bet Price read a few articles about Clayton Kershaw yesterday.

He made $10 million last season, starting 27 games with a 3.33 ERA and 151/27 K/BB ratio in 187 innings as the follow-up to his Cy Young-winning 2012 campaign.

MLBPA agrees to extend deadline for new posting agreement between MLB, NPB

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Update (7:00 PM ET): The MLBPA announces that the deadline has been extended 24 hours while MLB and NPB continue to negotiate a new agreement for the posting system. The new deadline is 8 PM ET on Tuesday.

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Last Thursday, we learned that the MLBPA was challenging the Nippon Professional Baseball posting system, delaying Japanese superstar Shohei Ohtani’s move to Major League Baseball. The latest collective bargaining agreement removed a lot of the incentive for players to come to the U.S. by capping pay. Ohtani, for example, can only receive a signing bonus between $300,000 and $3.53 million while his team — the Nippon Ham Fighters — would receive $20 million for posting him.

Jon Morosi reports that the deadline for this issue to be resolved is 8 PM ET on Monday evening. He notes that key NPB officials have worked through the night in Japan to try to reach a resolution. It is possible that even if no agreement is reached, the deadline could be pushed further back.

Ohtani, 23, has become a heralded hitter and pitcher in Japan. At the plate over his five-year career, he has compiled a .286/.358/.500 triple-slash line with 48 home runs and 166 RBI in 1,170 plate appearances. On the mound, he has a 2.52 ERA with a 624/200 K/BB ratio across 543 innings.