Jones, 26, would have had his hearing Friday in Florida. He was asking for $7.4 million, and the Orioles had countered with $5 million.
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“We are glad we agreed to terms with Adam and we look forward to another good year from him in center field and at the plate,” said Dan Duquette, the club’s executive vice president of baseball operations.
Jones batted .280 with 25 homers and 83 RBIs in 151 games last season, and he won Most Valuable Oriole honors. He set career highs in games played, homers, doubles (26), stolen bases (12) and total bases (264).
Duquette said previously that the club recently had preliminary talks with Jones’ agent about a contract extension, but those discussions were tabled as the sides focused on the one-year deal. Jones will be a free agent at the end of the 2013 season, and Duquette said the potential of a long-term extension is “something we can revisit.”
Jones’ agent, Nez Balelo, co-head of CAA Baseball, released the following statement: “Adam is pleased we were able to come to terms and avoid a hearing. We appreciate Dan and the organization's professional approach in finding common ground. We look forward to working with him and his staff in the future.”
The Orioles initially had nine arbitration-eligible cases. They non-tendered Jo-Jo Reyes and Willie Eyre, settled early with Dana Eveland and Darren O’Day, settled with Jim Johnson shortly before figures were exchanged, settled with Robert Andino and Jones before scheduled hearings, traded Jeremy Guthrie and won their case against Brad Bergesen.