The Phillies re-signed reliever Jose Contreras to a two-year, $5.5MM deal, reports MLB.com's Todd Zolecki. The contract includes performance incentives and a club option for 2013. Year-by-year details can be found here. ESPN's Enrique Rojas first reported last night that a deal was close.
Contreras, 39 in December, posted a 3.34 ERA, 9.1 K/9, 2.5 BB/9, 0.8 HR/9, and 44.7% groundball rate for the Phillies in 2010. It was his first full season as a reliever, and his fastball played up to a 94.0 mph average. He even served as the Phillies' closer for a while in May. At just $1.5MM, Contreras was a major bargain for the Phillies in 2010. This time around the second year is less than ideal, but it was likely necessary to secure him early. Plus, Contreras' salary remains reasonable.
The Phillies' bullpen spending is far from finished. They've added Contreras and Eddie Bonine, and GM Ruben Amaro Jr. told ESPN's Jayson Stark he's contacted "40 free agents, predominantly bullpen guys." The Phils are prioritizing left-handed relief and are known to be interested in Hisanori Takahashi.