Source: Tigers, Valverde agree to terms
The Tigers are poised to sign the veteran closer they hoped to add. They agreed to terms Thursday with Jose Valverde on a two-year contract with an option for a third, a source close to the negotiation confirmed to MLB.com pending a physical.
Tim Brown of Yahoo! Sports first reported the deal, worth $14 million plus a $9 million option for 2012. Tigers officials would neither confirm nor deny the agreement.
By signing the Type A free agent, the Tigers would give up their first-round pick in this summer’s First-Year Player Draft, which would be the 19th overall selection. It would mark the first time since 1991, after the Tigers signed Rob Deer, that Detroit has given up its first-round Draft pick. However, the Tigers have two compensation picks coming at the end of the first round for losing relievers Fernando Rodney and Brandon Lyon to free agency