The Red Sox won’t be headed to arbitration with Jonathan Papelbon after all, as the team has signed its closer to a one-year deal. They also signed their other arbitration-eligible pitcher, Javier Lopez, to a one-year contract.

The team did not disclose the terms of either contract. SI.com reports the deal is worth $6.25 million, which would be a record for a closer in his first year of eligibility for arbitration.

Papelbon, who earned $775,000 in 2008, had said repeatedly that he intended to set a new standard for closers in arbitration, and was expected to seek a one-year salary of $10 million or more from an arbitrator.

The Red Sox, however, had not gone to arbitration during Epstein’s tenure as general manager, and the team clearly wasn’t going to start now. Very few players, in fact, actually reach arbitration, where a neutral party decides a salary based on proposals by the player and the club. In most cases, the player and the team agree to a deal before the hearing.

Papelbon and Lopez were among 111 players to file for arbitration last week.

The arbitration process is open to players with between three to six years of major league service, as well as the top 17 percent of players, by service time, with between two and three years in the league. After their arbitration years, players become eligible for free agency.

Papelbon, 28, went 5-4 with a 2.34 ERA and 41 saves in 2008

Lopez, mostly used as a lefty specialist against left-handed batters, had a strong year, finishing with a 2.43 ERA in 59.1 innings pitched.