The Diamondbacks signed J.J. Putz to a two-year, $10MM deal with an option for 2013. Ken Rosenthal of FOX Sports (Twitter links), MLB.com's Steve Gilbert and Jon Heyman of SI.com all reported on the deal, which is official now that the reliever passed his physical. Putz earns $4MM in 2011, $4.5MM in 2012 and either $6.5MM or a $1.5MM buyout in 2013, according to Rosenthal. LSW Baseball represents Putz, who posted a 2.83 ERA with 10.8 K/9 in 54 innings last year.
The White Sox offered the Type B free agent arbitration, so they'll obtain a supplementary first round pick for losing Putz. Back on November 10th, two MLBTR writers predicted Putz would sign with the Diamondbacks.