Cincinnati, OH (SportsNetwork.com) - The Cincinnati Reds and third baseman Todd Frazier avoided arbitration Sunday by agreeing to a two-year contract.

The deal is worth $12 million, according to multiple reports.

Frazier, who turns 29 next week, set career highs with 29 homers and 80 RBI while batting .273 in 2014.

The New Jersey native has hit .258 with 73 homers, 82 doubles and 235 RBI in 476 career games, all for the Reds.