The Arizona Diamondbacks and Addison Reed have agreed to a one-year, $4.875 million contract.

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

Reed had 32 saves in 38 chances last year with a 4.25 ERA and 69 strikeouts in 59 1/3 innings. He earned $538,500.