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Jake Arrieta agrees to one-year deal with Cubs, avoids arbitration

Considering how he performed last season, Jake Arrieta was wildly underpaid. Agent Scott Boras certainly made the Cubs aware of that.

The two came to terms Friday on a one-year deal that will pay the Cy Young Award winner $10.7 million and avoid arbitration, the Sun-Times has confirmed.

The deal gives Arrieta a $7 million raise and an MLB-record salary for a fourth-year pitcher.

Boras reportedly had been seeking $13 million, while the team had offered $7.5 million for the 29-year-old right hander.

Arrieta was 22-6 with a 1.77 ERA for the Cubs last season.

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