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Rays, Joel Peralta Avoid Arbitration

1:44pm: Peralta will earn $2.175MM, according to Marc Topkin of the St. Petersburg Times (on Twitter). 

12:18pm: The Rays announced that they avoided arbitration with right-handed reliever Joel Peralta, and agreed to terms on a one-year, Major League contract for 2012. Mark Gilling represents Peralta, who had a projected $2MM salary for 2012, according to MLBTR's estimates.

Peralta, 35, posted a 2.93 ERA with 8.1 K/9, 2.4 BB/9 and a 27% ground ball rate in 67 2/3 innings of relief this past season. The Rays signed Peralta a year ago this week after the Nationals non-tendered him.

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