Reed, Diamondbacks agree to $4,875,000 contract

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MIAMI, FL - AUGUST 15: Addison Reed #43 of the Arizona Diamondbacks pitches during the ninth inning of the game against the Miami Marlins at Marlins Park on August 15, 2014 in Miami, Florida.  (Photo by Rob Foldy/Getty Images) By Rob Foldy MIAMI, FL - AUGUST 15: Addison Reed #43 of the Arizona Diamondbacks pitches during the ninth inning of the game against the Miami Marlins at Marlins Park on August 15, 2014 in Miami, Florida. (Photo by Rob Foldy/Getty Images) By Rob Foldy

PHOENIX (AP) -- Closer Addison Reed and the Arizona Diamondbacks have agreed to a one-year contract worth $4,875,000.

The deal avoided a salary arbitration hearing scheduled for later Friday in St. Petersburg, Florida. Reed can earn $50,000 in performance bonuses: $25,000 each for 55 and 60 games finished.

The right-hander had 32 saves in 38 chances last year with a 4.25 ERA with 69 strikeouts in 59 1-3 innings. He earned $538,500.

Eligible for arbitration for the first time, Reed had asked for $5.65 million and had been offered $4.7 million when the sides exchanged proposed salaries last month.

Outfielder Mark Trumbo is Arizona's only player who filed for arbitration and remains without an agreement.