Richards agreed to a one-year, $1 million contract with the Blue Jays on Tuesday, avoiding arbitration, Kiley McDaniel of ESPN.com reports.
Richards is in his first year of arbitration eligibility and will receive a modest raise. He spent most of last season with Toronto and was a solid bullpen piece with a 3.31 ERA, 0.80 WHIP and 37:10 K:BB across 32.2 innings.