Rays avoid arbitration with 2012 American League Cy Young Award winner David Price

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From ESPN’s Jerry Crasnick comes word that the Rays and left-hander David Price avoided salary arbitration Tuesday by agreeing to a one-year deal.

The exact financial details haven’t been disclosed.

Price, a Super Two qualifier who’s arbitration-eligible for the second time, turned in a dominant 2.56 ERA, 1.10 WHIP and 8.7 K/9 in 31 starts last season for Tampa Bay en route to capturing Cy Young Award honors in the American League. He was named an All-Star in July and wound up with a few MVP votes.

The 27-year-old southpaw is not eligible for free agency until after the 2015 campaign. He owns a 3.16 career ERA through four-plus MLB seasons.

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UPDATE, 7:47 PM: According to Joe Smith of the Tampa Bay Times, Price will get “just over $10 million” in 2013. That’s more than double the $4.35 million he made last season in his first year of salary arbitration.

Justin Verlander earns 200th career win

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Astros starter Justin Verlander wasn’t his usual dominant self on Sunday against the Athletics, but he was good enough to get the win. In doing so, he earned the 200th win of his career, becoming the 117th member of the 200-win club.

Verlander went 5 1/3 innings, yielding four runs (all earned) on seven hits and a walk with six strikeouts. On the season, Verlander is now 12-8 with a 2.65 ERA and a 223/29 K/BB ratio in 169 2/3 innings. Sunday’s win helped the Astros stave off the surging A’s. The Astros now have a one-game lead in the AL West.

Only two active pitchers have more wins than Verlander: Bartolo Colon (247) and CC Sabathia (244). Zack Greinke will likely be the next member of the 200-win club as he currently has 184 to his name.