Friday, January 18, 2008

Rays, Pena find common ground, avoid arbitration

The Rays and first baseman Carlos Pena finalized a one-year contract and will avoid arbitration, the Rays announced today. There are two option years to the contract, which could reach a total worth of $24.125 million.

UPDATE, re: "option years" -- St. Petersburg Times: "Officially, Pena agreed to a one-year deal for $6 million that becomes a three-year deal once he passes a physical next week ..."

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