The Blue Jays and Jason Frasor have agreed to a one-year contract worth $3.5MM according to a press release. The deal also includes a club option for 2012 worth $3.75MM. Frasor accepted arbitration back in November rather than hit the open market as a Type-A free agent reliever.
The 33-year-old right-hander posted a 3.68 ERA with 9.2 K/9 and 3.8 BB/9 in 63 2/3 innings last season, and over the last two years he owns a 3.12 ERA, 9.0 K/9, and 3.2 BB/9. Frasor is the incumbent in a rebuilt Toronto bullpen that lost Scott Downs and Kevin Gregg but added Carlos Villanueva, Octavio Dotel, Jon Rauch, and Frank Francisco.
Our Arbitration Tracker shows that Frasor filed for $3.73MM while the team countered with $3.25MM. The new deal essentially splits the two figures.