UPDATE: Francisco Liriano only guaranteed $1 million in deal with Pirates

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UPDATE: According to Tom Singer of MLB.com, Liriano will only be guaranteed $1 million. He could make an additional $11.75 million if he reaches certain bonuses and has his option vest for 2014. That was quite a costly fall.

10:48 PM: The Pirates just officially announced the deal. Liriano will get a one-year contract with a vesting option for 2014, so it appears he will have to prove his health this season in order to receive the money he was originally in line to get prior to breaking his arm.

2:48 PM: Francisco Liriano agreed to a two-year, $12.75 million deal with the Pirates back mid-December, but the signing was put on hold and potentially put in jeopardy when Liriano broke his non-throwing arm in a bathroom fall.

There was talk of the Pirates re-working some of the language in the contract and even some speculation that they might back out of the deal completely, but Ken Rosenthal of FOXSports.com reports that the two sides have finalized things six weeks later.

Liriano has had an ERA above 5.00 in back-to-back seasons and infuriated the Twins and White Sox with his inability to throw strikes, but he’s also still just 29 years old with good fastball velocity, a devastating slider, and 480 strikeouts in 483 innings since 2010.

Octavio Dotel, Luis Castillo arrested in drug, money laundering investigation

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Five years ago, Octavio Dotel retired following a 15-year career in which he pitched for a then-record 13 different teams. I’m not exactly sure what he’s been up to since then, but I know that today he got arrested, as did former Marlins, Twins and Mets second baseman Luis Castillo.

That’s the report from Héctor Gómez, and from the Dominican Today, each of whom report that the two ex-big leaguers were arrested today in connection with a longstanding money laundering and/or drug investigation focused on one César Peralta. also known as “César the Abuser.” So he sounds fun. Gómez characterizes it as a money laundering thing. Reporter Dionisio Soldevila characterizes it as “drug trafficking charges.” Such charges often go hand-in-hand, of course. I’m sure more details will be come out eventually. For now we have the report of their arrests. According to the Dominican Today, four cars belonging to Dotel were confiscated as well.

Dotel didn’t debut until he was 25, and for his first couple of years with the Mets and Astros he struggled to establish himself as a starter. He was switched full-time to the Houston bullpen at 27, however, and went on to make 724 relief appearances with a 3.32 ERA and a .207 opponents’ batting average while racking up 955 strikeouts in 760 innings. At the time of his retirement his career strikeout rate — 10.8 per nine innings — was the best in the history of baseball for right-handed pitchers with at least 900 innings, edging out Kerry Wood and Pedro Martinez.

Castillo also played 15 seasons, with a career line of .290/.368/.351. He was a three-time All Star and won three Gold Glove awards.