FRIDAY, 8:23am: The sides are nearing a two-year agreement that will pay the lefty $4MM per season and include an option for 2013, according to Jon Heyman of SI.com (on Twitter).
THURSDAY, 12:02pm: The sides have made "a little progress," Feliciano's agent tells Andrew Marchand of ESPNNewYork.com.
9:43am: The Yankees are getting closer to a deal with Pedro Feliciano, according to Bob Klapisch of the Bergen Record (on Twitter). The 34-year-old is durable, effective against left-handed hitters and used to pitching in New York. Feliciano has led the National League in appearances in each of the past three seasons for the Mets, the team with which he has spent his entire eight-year career. Overall, Feliciano posted a 3.30 ERA with 8.0 K/9 and 4.3 BB/9 in 62 2/3 innings in 2010.
Feliciano limited left-handed hitters to a .211/.297/.276 line last year. He did not allow a home run in 139 matchups against lefty batters.