Matt Garza agrees to one-year, $10.25 million deal with Cubs to avoid arbitration

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The Cubs and right-hander Matt Garza have avoided arbitration by agreeing to a one-year, $10.25 million contract. Garza’s representation at CAA Baseball made the announcement on Twitter.

Garza gets a slight raise from the $9.5 million salary he made last season. The 29-year-old right-hander posted a 3.91 ERA and 96/32 K/BB ratio over 103 2/3 innings before being shut down in mid-July with a stress reaction in his right elbow.

Garza has resumed throwing and is expected to be ready for spring training, but he could become a valuable trade chip if he proves his health. He’s currently set to become a free agent following the 2013 season.