The Royals have avoided arbitration with closer Greg Holland, who agreed to a one-year, $4.675 million contract for 2014. The deal includes a $50,000 bonus if he reaches the All-Star Game.

Holland saved 47 games last season, posted a 1.27 ERA and struck out 103 batters in 67 innings. He finished ninth in Cy Young voting and 15th in MVP voting.

In short, he was dominant, and his price figured to skyrocket after three seasons playing on a minimum salary. This was his first year of arbitration eligibility. He sought $5.2 million. The Royals countered with $4.1 million.