Mets Sign Jose Valverde

SUNDAY: Joel Sherman of the New York Post tweets the breakdown of Valverde's performance bonuses: $75K for appearing in 40, 45, and 50 games; $100K for appearing in 55, 60, and 65 games; $100K for finishing 30 and 35 games; $250K for finishing 40 and 45 games; and $300K for finishing 50 games. Valverde also has a March 26 opt-out, tweets Sherman.

WEDNESDAY, 10:51am: Valverde can also earn up to $1.5MM in performance bonuses, according to Ken Rosenthal of FOX Sports (Twitter link).

9:11am: The Mets have signed right-hander Jose Valverde to a minor league deal that contains an invitation to Major League Spring Training, the team announced on Twitter. Jon Heyman of CBS Sports reports (also via Twitter) that the Praver/Shapiro client will earn $1MM if he makes the club.

This marks the second former closer that the Mets have signed to a minor league deal in the past week, as the club has also invited Kyle Farnsworth to camp. Valverde is the more accomplished closer of the two, but his recent struggled are well-documented. "Papa Grande" posted a 3.00 ERA with 7.9 K/9, 4.1 BB/9 and 110 saves for the Tigers from 2010-12. However, he began to unravel late in the 2012 season and in the 2012 playoffs. He would eventually return to Detroit in May 2013, briefly solidifying the closer role before allowing six home runs in eight appearances. The end result was a 5.59 ERA that caused the Tigers to designate Valverde for assignment.

Valverde adds another experienced arm to the Mets' bullpen depth, and he'll try to break camp with the team in order to join a bullpen that figures to be headlined by Bobby Parnell and young flamethrower Vic Black.

Edward Creech contributed to this post.

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