Friday January 16th, 2015

The Detroit Tigers and pitcher David Price have agreed to a one-year, $19.75 million deal to avoid arbitration, reports CBS Sports' Jon Heyman. 

The deal is a record-high salary for a player in an arbitration year. Price was one of 175 players who filed for arbitration earlier in the week.

The 29-year-old was traded from the Tampa Bay Rays to the Tigers at July's trade deadline. He had previously spent his entire career with the Rays, winning the Cy Young Award in 2012. 

JAFFE: As ace of free agency, what's Max Scherzer really worth?

In 2014, Price went 15-12 with a 3.26 ERA and a league-leading 271 strikeouts in 248.1 innings, including a 4-4 mark with a 3.59 ERA in 11 starts for Detroit.

A four-time All-Star, Price earned $14 million last season.

- Molly Geary

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.