Twins set to sign Mike Pelfrey for $4 million

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CBSSports.com’s Jon Heyman is reporting that the Twins and Mike Pelfrey have come to terms on a one-year deal worth $4 million.

The deal includes $1.5 million in incentives for the rehabbing right-hander.

The soon-to-be 29-year-old Pelfrey had a 2.29 ERA in three starts for the Mets last season before undergoing Tommy John surgery. He went 15-9 with a 3.66 ERA in 2010, but he slipped to 7-13 with a 4.74 ERA in 2011. The Mets non-tendered him earlier this month rather than pay him $5 million-$6 million in arbitration.

Once healthy, Pelfrey will join fellow National League imports Vance Worley and Kevin Correia in a rotation that has just one sure returnee in Scott Diamond. The Twins could also add one more veteran to compete with holdovers Nick Blackburn, Liam Hendriks and Cole De Vries for an opening.

The gamble on Pelfrey is interesting, considering that the Twins let the similarly positioned Scott Baker go to the Cubs in free agency earlier this winter. Baker, likewise rehabbing from Tommy John surgery, signed for $5.5 million, plus incentives. And unlike Pelfrey, Baker has already proven he can cut it in the AL. The Twins got burnt last year by Jason Marquis, who had no AL experience and was roasted to the turn of an 8.47 ERA in seven starts before earning his release.

Yankees acquire A.J. Cole from the Nats

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The New York Yankees have acquired reliever A.J. Cole from the Washington Nationals for cash considerations.

Cole was supposed to be the Nats’ fifth starter this year but that didn’t work out too well. He pitched in four games for the Nats, starting two, to the tune of a 13.06 ERA, having given up six home runs in 10.1 innings. That’s . . . something.

Don’t get too used to Cole on the New York roster, as this seems like one of those “give us an arm” for a couple of days deals, after which Cole will be DFA’d and will either accept an assignment to Scranton or be cut loose. Such is life at the fringes for a guy who is out of minor league options.