Phillies, Contreras Close To Two-Year Deal

The Phillies and reliever Jose Contreras are close to reaching an agreement on a two-year deal worth $5MM, reports's Enrique Rojas. The deal also includes an option for a third year plus performance based incentives.

Contreras, 39 next month, was very good for the Phillies in 2010, pitching to a 3.34 ERA in 56.2 innings. He struck out 9.1 and walked just 2.5 batters for every nine innings pitched. Earlier this week we heard that the Phillies were "working aggressively" to re-sign him.

Tim Dierkes broke down Contreras' free agent stock back in May, saying that he could be in line for a two-year deal if his strong work as a reliever held up.

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