The Cincinnati Reds have avoided arbitration with Aroldis Chapman by agreeing to a one-year contract, the team announced Friday.

Chapman will earn $8.05 million in 2015, according to Yahoo Sports' Jeff Passan.

The left-hander had filed for $8.7 million while the Reds countered at $6.6 million when the two sides previously exchanged salary expectations.

The hard-throwing closer registered 36 saves and 106 strikeouts in 54 innings.