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.
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.