3:17pm: Chavez's one-year deal is worth $775K, reports MLBTR's Tim Dierkes (Twitter link).
12:27pm: The A's and Jesse Chavez have avoided arbitration by agreeing to a one-year deal, according to Jane Lee of MLB.com (via Twitter). Chavez is represented by Sosnick/Cobbe, according to the MLBTR Agency Database.
Terms of the deal are not yet known, but MLBTR's Matt Swartz projected the reliever to earn $600K through arbitration. Chavez, 30, turned in a 3.92 ERA with 8.6 K/9 and 3.1 BB/9 in 35 relief appearances last season for the Athletics. Oakland acquired the right-hander from the Blue Jays in August 2012 for cash considerations shortly after Toronto designated him for assignment.
The A's now have seven arbitration eligible players to go.