Joel Peralta has avoided arbitration with the Rays, agreeing to a one-year contract worth $2.175 million.
Tampa Bay picked Peralta up after he was non-tendered by Washington last offseason and the 35-year-old reliever was an excellent low-cost signing, earning just $925,000 while throwing 68 innings with a 2.93 ERA and 61/18 K/BB ratio.
He’ll likely serve as Kyle Farnsworth’s primary setup man again in 2012.
David Price, B.J. Upton, Jeff Niemann, and J.P. Howell are the other arbitration eligible Rays.