According to the Associated Press, the Padres and Clayton Richard have avoided arbitration by agreeing to a one-year, $2.705 million contract.
Richard was arbitration-eligible for the first time this offseason. The 28-year-old southpaw requested $3.1 million and was offered $2.35 million by the Padres when arbitration figures were exchanged last week, so the two sides ended up settling right around the midpoint of $2.725 million.
Richard, who was acquired from the White Sox as part of the Jake Peavy trade in 2009, posted a 3.88 ERA over 18 starts in 2011 before undergoing season-ending surgery on his left shoulder in late-July. Barring any setbacks, he should be ready for spring training and open the season in the Padres’ starting rotation.