The Reds and starting pitcher Mat Latos avoided arbitration on Tuesday when the right-hander signed a two-year, $11.5 million contract through the 2014 season.

Latos, 25, netted a significant raise from the $550,000 he earned in 2012 after being eligible for arbitration for the first time. He is represented by the Bledsoe Brothers.

When numbers were exchanged last month, Latos filed for $4.7 million, while the club's offer was $4.15 million. The new two-year deal includes multiple award bonuses.

During his first season with Cincinnati in '12, Latos was 14-4 with a 3.48 ERA, 64 walks and 185 strikeouts. His career-high 33 starts tied for the National League lead. His 209 1/3 innings were also a career high and he threw two complete games back-to-back on June 25 and 30.

The previous winter, Latos was the Reds' prime acquisition as he came over in a trade that sent first baseman Yonder Alonso, veteran starter Edinson Volquez, catcher Yasmani Grandal and reliever Brad Boxberger to the Padres.