"We're happy with the decision and happy the issue is off the table," Astros general manager Ed Wade said. "Now, we'll focus on getting Jose to camp and serving as our closer."
Houston acquired Valverde from Arizona in mid-December. The 28-year-old right-hander was expected to arrive at spring training on Saturday, manager Cecil Cooper said.
Valverde made $2 million last season, when he led the major leagues with 47 saves with the Diamondbacks.
The Astros have another arbitration hearing scheduled for Monday with infielder Mark Loretta. The team is offering $2.75 million and Loretta is asking for $4.9 million.
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