2:12pm: Troy Renck says Redding agreed in principle to a one-year, $2.25MM deal with the Mets.
1:12pm: According to SI.com's Jon Heyman, the Mets are close to signing Tim Redding to a one-year deal for $2.25MM plus incentives. Ken Davidoff of Newsday also has it, suggesting the deal is for about $2.5MM.
The Mets figure to add Derek Lowe or Oliver Perez as well. Not sure if this takes them out on Pedro Martinez. After signing Lowe or Perez the Mets may have the luxury of using Mike Pelfrey in the #5 role to limit his innings slightly.
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