Jake Arrieta: Avoids arbitration with Cubs

Arrieta and the Cubs avoided arbitration by agreeing to a one-year, $10.7 million contract Friday night, Jon Heyman of CBS Sports reports.

Analysis:

Arrieta will receive a salary bump in excess of $7 million after winning the NL Cy Young Award in 2015. He will have one more year of arbitration eligibility remaining, and will have a good chance to top his 2016 salary if he is anywhere near as dominant as he was a year ago. Arrieta will head the Cubs' rotation this season, making him the odds-on favorite to take the ball Opening Day.