Ken Rosenthal has the news:
Source: Grilli back to #Pirates. Two-year deal. Pending physical.
— Ken Rosenthal (@Ken_Rosenthal) December 10, 2012
I was told by a very knowledgeable source that this was going to go down last Thursday. Aaron posted about it and about a billion people — including Jason Grilli — said I was making stuff up. Whatever. It wasn’t a done deal then and it is now, so kudos to Rosenthal for getting it, but this should not be a surprise. I should totally take Rick Reilly credit for this.
As for the signing: in two years with the Pirates he threw 91 innings with a 2.76 ERA and 127 strikeouts, making for a remarkable career rejuvenation. Assuming the money isn’t insane — and multiple reporters are saying that he passed up better money from other teams to stay with Pittsburgh — it’s a good signing for the Pirates.
UPDATE: The deal is a quite reasonable $6.75 million over the two years.