It’s official: Yankees sign Pedro Feliciano

The RAB Radio Show: January 3, 2011
Rothschild to meet with Burnett in coming weeks

The Yankees have officially signed left-handed reliever Pedro Feliciano to a two-year contract worth $8M. The deal also includes a club option for 2013. The two sides agreed to the deal in the middle of December, but the holidays got in the way of the physical and stuff. Feliciano presumably steps in as the team’s late-inning lefty reliever since he’s the “proven veteran,” pushing Boone Logan into the middle innings.

Our 2011 Draft Order Tracker and Depth Chart pages have been updated.

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The RAB Radio Show: January 3, 2011
Rothschild to meet with Burnett in coming weeks
  • Avi

    And we thought the Yankees wouldn’t give any record setting contracts this offseason. Pedro Feliciano is now the highest payed LOOGY of all time. Pedro freak-in Feliciano,that’s right folks

    • http://twitter.com/cephster Ross in Jersey

      Damaso Marte got 3/12 with a 4m team option/250k buyout so he’s really not! But.. we know who gave Marte that contract :P

      • Avi

        Nah, Marte wasn’t really a LOOGY. He was actually pretty decent against righties.
        I can’t understand paying $4M for a LOOGY when you already have a lefty reliever (Logan). MAKES NO SENSE.

        • pat

          Logan is no guarantee to maintain last years dominance. It could be a young power lefty coming into his own or it could be a career year. Having someone like Feliciano in the pen gives us some insurance. 4 mil is a little more than you’d like to spend but it’s not keeping us from obtaining anybody else. Plus with Craw and Gonz lurking it’s not bad to have a second lefty.

        • http://twitter.com/cephster Ross in Jersey

          Marte was left in to face righties in blowout situations sometimes or because the pen was short, but only faced lefties in high leverage spots. I’m sure Feliciano will be used in much the same way. There’s no difference between the two, IMO.

          • Avi

            Marte’s numbers against righties in ’06 and ’07 (the two years before the yanks signed him) were MUCH better than Feliciano’s, and it’s not even close. Also Marte faced more righties than lefties in both those years which is not the case for Feliciano.
            Felicano is a LOOGY, Marte wasn’t.

        • OldYanksFan

          Ya mean, even though he will help the team, you’re upset that the Yankees are wasting $1.5m/yr?

          /whathefuckaboutDerekJeter’d

    • http://www.twitter.com/jordansmed JGS

      Fuentes signed a 2/17.5 deal. Sure he wasn’t signed as a LOOGY, but meh.

  • Yank the Frank

    Light My Fire

    • Wil Nieves #1 Fan

      Wrong Feliciano.

  • http://twitter.com/kschmidt2 Kiersten

    Excuse me while I vom.

  • Teh Comp Pick

    Woulda rather had Fuentes, would be suprised if he get’s a higher AAV, maybe the Yanks are gunning for him too? Marte is supposed to pitch this year right?

    • Midland TX

      Fuentes may not get a higher AAV, but his ego and/or desire to close is getting in the way of his signing for the same money as Feliciano right now.

      Marte is a lock to start the regular season on the 60-day DL. Nobody knows if he will throw a major-league pitch this coming season.

  • pat

    I’m fine with this. He’ll have Logan to handle some of the load so he won’t have as much of a workload as with the Mets. Should keep him sharp late in the season.

    • RL

      Definitely NOT fine with this. I would have rather had Choate for 2 years and a lot less money!!

      • http://twitter.com/steveh_MandAura Steve H

        But Choate was a free agent. You have no way of knowing if he wanted to come here, nor what it would have cost to get him to sign here. The Yankees do not get to call “dibs” on every available free agent.

  • theyankeewarrior

    Finally!!!!

  • http://RAB Nuke LaDoosh

    Feliz Navidad
    Feliz Navidad
    Feliz Navidad
    Prospero Ano y Felicidad

  • J.R.

    Isn’t the club option for 2013 not 2012?

  • Sick Nwisher

    Does this qualify as a “Ninja” like move?

    • Teh Comp Pick

      This is a Chris Farley in Beverly Hills Ninja like move.

  • Slugger27

    i dont get why the words “proven veteran” are in quotes in the post, as if theyre somehow not true. feliciano has a career 127 ERA+ in more than double the career innings that boone logan has (by the way, a career 89 ERA+)

    pedro is the proven veteran of the 2, and absolutely deserves the higher leverage situations

  • http://danielslifka.wordpress.com Jerome S.

    Just say no to multi-year contracts for relievers.
    That said, the man’s a workhorse (reliever-wise), so hopefully that bodes well for the Yankees.

  • http://twitter.com/firstheart42 seimiya

    Is anyone else concerned that his enormous use for the Mets (lead mlb in appearances in 08, 09, AND 10) will come back to bite us, or is he just a magical LOOGY workhorse?

    Also, given how inflated reliever contracts are this offseason, meh, it’s not too bad. free market in action.

  • Evan3457

    Any pitcher can go belly-up after a few seasons of very high workload.

    Having said that, lefty relievers, and especially LOOGYS, have a greater tendency to march forward unstoppably through the years like they’re auditioning for zombie movies. See (Orosco, Guardado, etc.)

  • Accent Shallow

    I’m not in love with this move, but it could be worse.

  • Phil Franchise

    Don’t we get a supplamental first for Wood? I thought he was a type B

    • J.R.

      Didn’t offer him arbitration.