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Ponson and the Orioles reached a settlement on Dec. 17 of a grievance stemming from his release in 2005. At the time, Orioles owner Peter Angelos contended that Ponson's conduct and problems with alcohol gave them grounds to void his contract.
Ponson had one season left on a three-year deal that would pay him $10 million in 2006 and contended he was owed about $10.1 million. The contract called for him to receive about $1.1 million more in 2005 and $10 million in 2006, but the amount was offset by approximately $1 million he received from the St. Louis Cardinals and New York Yankees in 2006.
The arbitration hearing was finally scheduled to be held early this year, but the Orioles and Ponson reached a settlement beforehand. The amount of the settlement was subject to a confidentiality agreement, according to Ponson's agent, Barry Praver.
Ponson's settlement was reported earlier by foxsports.com.
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