David Ortiz and the Red Sox avoided arbitration with a one-year deal:

David Ortiz and the Boston Red Sox avoided salary arbitration by agreeing Monday to a one-year contract worth $14,575,000.

…

“I feel happy since I avoided going to arbitration,” he said on Monday, hours before the hearing had been scheduled to start in St. Petersburg, Fla. “People are used to see me with the Red Sox uniform and when you have so much time in one organization, and you’re identified with it, the best thing is to stay, even if it is for 1 or 2 million less.”

I suspect the Red Sox are very happy with this, as Ortiz wanted a two-year deal. This way, if Big Papi declines this season, Boston isn’t stuck with his contract.