10:34pm: Slusser tweets that Braden will earn $3.35MM next season, with another $400K in "very reachable" performance bonuses.
6:27pm: The Athletics and Dallas Braden have avoided arbitration by agreeing to terms on a one-year contract, reports MLB.com's Jane Lee (on Twitter). The team confirmed the agreement in a press release. We project his 2012 salary at $3.3MM or so.
Braden, 28, missed most of 2011 after having surgery on his shoulder, though Susan Slusser of The San Fransisco Chronicle says (on Twitter) he's expected to be ready for the start of next season, or very close to it. The left-hander allowed seven runs in 18 innings across three starts before getting hurt, one year after he pitched to a 3.50 ERA in 192 2/3 innings across 30 starts.