Per Reds.Com -it's true.

Bronson Arroyo agrees to two-year contract extension
02/08/2007 10:52 AM ET
MLB.com

CINCINNATI -- The Cincinnati Reds and All-Star RHP Bronson Arroyo have agreed to terms on a 2-year contract extension through the 2010 season with a club option for 2011.

On Tuesday, the Reds and RHP Aaron Harang avoided arbitration by agreeing to a 4-year contract through the 2010 season with a club option for 2011. Last season, Arroyo and Harang became the first duo in Reds history to produce at least 200 innings and 184 strikeouts each. They tied for the Major League lead in starts (35), while Arroyo ranked first in the majors in innings pitched (240.2) and Harang finished third in the National League in that category (234.1).

Arroyo, 30, last season was a National League All-Star and was voted by the Cincinnati chapter of the Baseball Writers' Association of America the winner of both the Johnny Vander Meer Award as the club's Most Outstanding Pitcher and the Joe Nuxhall Good Guy Award. He led the Major Leagues in innings pitched (240.2) and ranked among the NL pitching leaders in starts (35, T1st), wins (14, T12th), ERA (3.29, 4th), complete games (3, T5th), strikeouts (184, T6th) and opponents' batting average (.243, 8th).

In each of the last 3 seasons Arroyo established career highs in starts, innings pitched and quality starts, and in each of the last 2 seasons he recorded 14 victories and at least 200 innings. On January 19 of last year, while with Boston, he avoided arbitration by signing a 3-year contract through the 2008 season. On March 20 he was acquired from the Red Sox in exchange for OF Wily Mo Pena and cash.

This story was not subject to the approval of Major League Baseball or its clubs.
No dollars announced yet.