11:09pm: Patrick Newman tells us Japanese reports indicate this is a done deal at about $6MM over three years. Iguchi had solid years in three of his four MLB seasons, banking $11.8MM and snagging a World Series ring (two if his month with the Phillies this year counts).
In other Japanese baseball news, Kyodo reports that lefty Koji Mitsui will stay with the Seibu Lions after he was posted twice and no MLB team made a bid.
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