Ken Rosenthal is reporting that the Rays have reached an agreement with reliever Grant Balfour.
Marc Topkin reports that the deal is 2-years, $12 million.
According to Marc Topkin, this is the major announcement that is scheduled to be made later today.
Balfour originally agreed to a 2-year, $15 million contract with the Orioles. However, that deal fell through after concerns over his physical. Specifically, the team was concerned about Balfour’s wrist and his knee and were not concerned with his throwing arm.
Balfour pitched for the Rays from 2007 through 2010. He spent the last three seasons with the A’s, the last two as their closer, saving 64 games.
In 2013, he had a 2.59 ERA (3.49 FIP) and struck out 10.3 batters per nine innings, his best rate since 2008.
More importantly, this allows us to dust off one of our all-time favorite nicknames, The Mad Australian.