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Rockies third baseman Garrett Atkins agreed on a one-year contract for $7.05 million, avoiding arbitration, SI.com has learned.

Atkins, 29, is coming off a season when he hit .286 with 21 homers and 99 RBIs. He enjoyed his best campaign in 2006, hitting .329 with 29 homers, 120 RBIs and 117 runs.

In addition to his base salary, Atkins would make $12,500 each for 600 and 625 plate appearances, $25,000 each for 650 and 675 plate appearances and $50,000 for 700 plate appearances.

After making $4.44 million last season, Atkins asked for $7.95 million in arbitration and the club offered $6.65 million. The sides were set to go to a hearing Friday in Arizona.

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