Orioles, Darren O’Day agree to two-year, $5.8 million contract

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UPDATE: CBS Sports’ Jon Heyman reports that O’Day is guaranteed a total of $5.8 million. He’ll make $2.2 million this season and $3.2 million in 2014 while the option for 2015 is worth $4.25 million and carries a $400,000 buyout.

4:15 PM: O’Day’s agency, Beverly Hills Sports Council, just announced on their Twitter account that the deal is done. He’ll get a two-year deal with a club option for 2015. No word yet on the terms.

9:56 AM: After reaching agreements with Jason Hammel and Jim Johnson to avoid arbitration, the Orioles are have reliever Darren O’Day next on their agenda.

According to MASN Sports’ Roch Kubatko, the Orioles are close to a two-year contract with O’Day which includes an option for 2015. The deal is considered “all but done” and will buy out his final two years of arbitration and potentially his first year of free agency.

O’Day made $1.35 million last season and proved to be a real weapon out of Baltimore’s bullpen. The 30-year-old submariner had a 2.28 ERA and 69/14 K/BB ratio over 67 innings during the regular season and allowed just one hit and one walk over seven shutout innings during the team’s postseason run.