Mets sign Frank Francisco for two years, $12 million

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10:15 p.m. EST update: Gulp. FOXSports.com’s Jon Paul Morosi states that the deal is worth $12 million over two years. Apparently, the Mets didn’t get the note that there are more closers available than teams needing them.

10:10 p.m. EST update: Jon Heyman confirms the original report from Newsday’s Ken Davidoff. No word on terms yet, though $4 million per season is a pretty good guess.

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Who knew the Mets would suddenly turn into the busiest team of the winter meetings?

The team has rebuilt its bullpen on the fly tonight, inking Frank Francisco to a two-year deal mere minutes after signing Jon Rauch for one year and picking up Ramon Ramirez in a swap of center fielders Angel Pagan and Andres Torres.

Francisco almost certainly will be the closer in the group, with Rauch, Ramirez and Bobby Parnell battling for seventh- and eighth-inning duties.

Francisco, 32, had a 3.55 ERA and 17 saves in 21 chances for the Blue Jays last season. Talented but injury-prone, he’s thrown 60 innings just once since debuting with the Rangers in 2004. He has, however, struck out 368 batters in 334 career innings and posted a sub-4.00 ERA four straight seasons.

Anibal Sanchez accepts optional assignment to Triple-A

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The Tigers announced on Monday that pitcher Anibal Sanchez has accepted an optional assignment to Triple-A Toledo. Pitcher Warwick Saupold was recalled from Toledo to take Sanchez’s roster spot.

Sanchez, 33, continued to struggle this season pitching out of the bullpen. He gave up 26 runs (21 earned) on 34 hits and nine walks with 22 strikeouts in 21 innings. Nine of those 34 hits were home runs. Sanchez finished the 2015 season with a 4.99 ERA and last season with a 5.87 ERA, so he’s had a rough go of it in recent years.

The decision to go to Triple-A was Sanchez’s, Anthony Fenech of the Free Press reports. Sanchez wants to be stretched out as a starting pitcher again.

Braves release James Loney

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Just a few days after inking him to a minor league deal, the Braves have released first baseman James Loney, the team announced on Monday. Loney became expendable when the Braves acquired Matt Adams from the Cardinals on Saturday as a replacement for the injured Freddie Freeman.

Loney, 33, appeared in two games at Triple-A Gwinnett. He had one hit, a single, and one walk in eight plate appearances.

Loney will likely have to wait for another team to deal with an injured first baseman or DH before he can secure another contract.