6:01pm: Freese's deal is worth $3.15MM, according to Jon Heyman of CBSSports.com (on Twitter).
2:32pm: The Cardinals have agreed to a one-year deal with David Freese, avoiding arbitration, Derrick Goold of the St. Louis Post-Dispatch reports (on Twitter). CAA Sports represents the third baseman.
Freese filed for $3.75MM with the Cardinals offering $2.4MM, as MLBTR's Arbitration Tracker shows. The Cardinals don't have any unsigned arbitration eligible players remaining now that they've agreed to terms with Freese. The 29-year-old remains on track to go to arbitration two more times and hit free agency following the 2015 season.
Check out MLBTR's post on Arbitration Basics for an introduction to the process.