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Frasor had been seeking $3.725 million while the team offered $3.25 million when figures were exchanged earlier this month, and they settled right at the midpoint for 2011. ((Steve Nesius/AP Photo))

The Toronto Blue Jays and reliever Jason Frasor avoided arbitration by agreeing to a US$3.5-million, one-year deal with a club option for 2012 on Friday night.

Frasor had been seeking $3.725 million while the team offered $3.25 million when figures were exchanged earlier this month, and they settled right at the midpoint for 2011.

Blue Jays policy under general manager Alex Anthopoulos is to settle all one-year deals in a hearing room once arbitration figures are exchanged, but the club option worth $3.75 million for 2012 allowed them to get around that.

Home run king Jose Bautista is the team's sole remaining arbitration-eligible player, and the sides are much further apart on that one.

Bautista asked for $10.5 million while the Blue Jays countered at $7.6 million. The arbitrator must choose one number or the other if they get to a hearing, something the club hasn't done since going with reliever Bill Risley in 1997.

Frasor, 33, was 3-4 with four saves and a 3.68 ERA in 69 games last season. With seven seasons in Toronto under his belt, he's now the club's longest-tenured player.