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Rangers pay the price for Shawn Tolleson's strong season in new deal with reliever

Texas Rangers closer Shawn Tolleson, armed with the leverage that comes with being eligible for salary arbitration, received a massive raise on a one-year contract on Monday.

The Rangers and Tolleson settled on a base salary of $3.275 million for this season. That is few dollars more than the midpoint between his request ($3.9 million) and the club's offer ($2.6 million) in arbitration.

It also represents a 531 percent raise for Tolleson, who earned $519,700 last season. He took over as the closer in mid-May and had 35 saves in 37 chances to tie for the fourth-best conversion rate in the majors.