The Orioles officially announced that they signed Kevin Gregg to a two-year deal. The contract will pay Gregg $10MM and includes an option, according to Jon Paul Morosi of FOX Sports (all Twitter links). The vesting option would bring the total value of the deal to the $16-20MM range, according to Jon Heyman of SI.com (on Twitter). Beverly Hills Sports Council represents the right-hander.
Gregg saved 37 games for the Blue Jays in 2010. The 32-year-old posted 8.8 K/9 and 4.6 BB/9 along with a 3.51 ERA. Koji Uehara, another candidate to close for Buck Showalter, posted a miniscule 1.0 BB/9 to go along with 11.3 K/9 in 2010.
Jim Johnson, Mike Gonzalez and another former Blue Jay, Jeremy Accardo, will also likely contribute out of the Orioles' 'pen in 2011. Alfredo Simon is currently involved in an investigation into a fatal shooting in the Dominican Republic, so it's not clear whether he'll be able to pitch.
The Blue Jays will obtain a draft pick for losing Gregg, but the Orioles do not have to surrender one. Toronto amateur scouting director Andrew Tinnish now has seven of the top 72 picks in the 2011 draft.
The Orioles could still use a left-handed reliever and a starter who can eat innings at the back of the team's rotation.