The two sides had been scheduled for a hearing Monday.
"Cory and his agent understood our cap situation and worked
with us to get something done that would help us," Tampa Bay
general manager Jay Feaster said. "Cory has demonstrated what an
outstanding team player he is by electing to settle at a number
that worked for the team rather than attempting to hit the home run
Sarich had one goal and 14 assists last season. He has played in
all 82 regular-season games each of the past three seasons.