The Yankees have agreed to sign Pedro Feliciano, according to Jon Heyman of SI.com (Twitter link). MDR Sports represents the left-hander. The two-year deal will be for $8MM and include an option for 2013.
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.
The Yankees will not have to surrender a draft choice, but the Mets will obtain a supplementary first round pick, since Feliciano turned down their offer or arbitration. The Red Sox, Rockies and Phillies also had interest in the reliever.
The Yankees now seem likely to pursue starting pitching, a right-handed reliever and an outfielder who bats from the right-side.