The Phillies avoided arbitration with Hunter Pence, agreeing to a one-year, $10.4MM contract for 2012, Jon Heyman of CBSSports.com tweets. The Phillies announced the agreement, adding that it includes award bonuses. Beverly Hills Sports Council represents the right fielder.

As MLBTR's Arbitration Tracker shows, the sides settled at the midpoint between Pence's request for $11.8MM and the Phillies' $9MM offer. The Phillies have now signed all of their arbitration eligible players for 2012. Pence, 28, won't be eligible for free agency until after the 2013 season. MLBTR's Tim Dierkes recently examined his case for a long-term deal.