Marlins reach three-year, $27M agreement with Heath Bell

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The run on high-priced free agent closers rolls on.

According to Jayson Stark of ESPN.com, the Marlins have reached agreement on a three-year, $27 million contract with veteran righty Heath Bell.

His contract also includes a vesting option for 2015.

Bell has managed a 2.36 ERA and 1.16 WHIP over the past three seasons in San Diego and is likely to do a fine job at the back end of the Miami bullpen over the duration of his new three-year deal, but $9 million annually is a steep price for a team with many other holes that need patching.

Then again, the Marlins probably aren’t done spending.

The deal will be finalized after Bell takes a pre-signing physical Friday in Miami. Juan Carlos Oviedo (er, Leo Nunez) is likely to be non-tendered this winter. He’s still working on re-entering the United States.

UPDATE, 11:59 PM: FOX Sports’ Ken Rosenthal says the vesting option for 2015 is worth $9 million.