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The deal is the largest ever awarded to a catcher in his first year of arbitration.
Martin, who turns 26 on Feb. 15, batted .280 with 13 homers and 69 RBIs last season, appearing in 155 games.
Martin was an All-Star each of the last two seasons for the Dodgers.
Dodgers reliever Jonathan Broxton also avoided salary arbitration by accepting a $1,825,000 deal after making $454,000 last year.
He can earn an additional $50,000 each for 40, 45, 55 and 60 games finished. The right-hander is expected to become the Dodgers' new closer after Takashi Saito signed a one-year deal with the Boston Red Sox.
Broxton was 3-5 with a 3.13 ERA and 14 saves. He had 88 strikeouts in 69 innings.
The only Dodgers player remaining in arbitration is outfielder Andre Ethier, who asked for $3.75 million and was offered $2.65 million.
Ethier hit .305 with 20 home runs and 77 RBIs last season, when he earned $424,500.
The Associated Press contributed to this report.
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