The Tigers officially signed Jose Valverde to a two-year contract worth $14MM today. The deal also includes a club option for 2012 worth $9MM.
The 30-year-old Valverde has enjoyed a tremendous run as the closer for the Diamondbacks and Astros over the last three years. In 190.1 innings during that time, he posted a 2.84 ERA with a 10.3 K/9 and 3.3 BB/9. Valverde battled leg injuries in 2009, though he held opponents to a .202/.286/.294 batting line after coming off the disabled list in June.
The Tigers were left with a gaping hole in the back of their bullpen this offseason after losing setup man Brandon Lyon and closer Fernando Rodney to the Astros and Angels, respectively. Because Valverde was a Type-A free agent, Detroit sent their first round pick (#19 overall) to Houston as compensation. The Astros will also receive a supplemental first round pick (#33 overall).