The Padres have avoided arbitration with Clayton Richard by agreeing to a one-year deal worth $5.24MM, according to a team announcement. The signing of the SFX client marks the final arbitration-eligible player to sign with a team as well as the first year there were no arbitration hearings since the process was instituted in 1974.
Richard submitted an arbitration figure of $5.55MM as compared to the Padres' offer of $4.905MM. The agreed upon number of $5.24MM gives Richard a slight victory as his salary will be just slightly above the midpoint. The left-hander posted a 3.99 ERA with 4.4 K/9 and 1.7 BB/9 in 218 2/3 innings during the 2012 season.
The veteran will be eligible for arbitration for the final time in 2014 before becoming a free agent for the first time one year later.