Enrique Rojas of ESPN Deportes reports that the Blue Jays have signed Octavio Dotel to a one-year, $3.5 million contract with a club option for 2012.
According to Jon Paul Morosi of FOXSports.com, he’ll make $2.75 million in 2011 with either a $3.75 million club option for 2012 or a $750,000 buyout, so he is guaranteed $3.5 million in the deal.
The deal won’t be official until he passes a physical, but assuming he passes, the veteran right-hander will be the in-house favorite to replace free agent Kevin Gregg as the closer in Toronto.
Dotel, who turned 37 in November, posted a 4.08 ERA and 75/32 K/BB ratio over 64 innings with the Pirates, Dodgers and Rockies this past season. He converted 22 of 28 save opportunities.