ST. PETERSBURG, Fla. -- Pitcher Shaun Marcum and the Milwaukee Brewers have agreed to a one-year contract worth $7,725,000, just ahead of the scheduled start of their salary arbitration hearing.

Friday's deal was at the midpoint between the $8.7 million and $6.75 million figures filed by the sides when they exchanged proposed arbitration salaries last month.

Marcum made $4.05 million last year, when he went 13-7 with a 3.54 ERA. He is eligible for free agency after this season.

Reliever Jose Veras is the last Milwaukee player in arbitration.