Right-hander Mat Latos has agreed to an $11.5 million, two-year contract with the Cincinnati Reds, avoiding what would have been baseball's first salary arbitration hearing of the year.
Latos will receive salaries of $4.25 million this year and $7.25 million in 2014 under Tuesday's deal.
Cincinnati obtained Latos from San Diego before the 2012 season. He solidified a rotation that was one of the NL's best, helping the Reds win the NL Central for the second time in three seasons. Latos went 14-4 with a 3.48 ERA and two complete games in 33 starts.
Latos made $550,000 last season. Eligible for arbitration for the first time, he had asked for $4.7 million in arbitration and had been offered $4.15 million.