Jays sign recently-acquired Francisco
The Toronto Blue Jays have avoided arbitration with Frank Francisco, signing the newly-acquired reliever to a one-year deal worth $4 million US Saturday.
Toronto traded for the 31-year-old right-hander on Tuesday in a deal that sent Mike Napoli to Texas.
Francisco, who saved 25 games for the Rangers in 2009, is expected to compete for the closers job in Toronto with fellow newcomers Jon Rauch and Octavio Dotel.
He filed a $4.875 million arbitration claim while the Rangers countered at $3.5 million. The Blue Jays picked up the negotiations from there.
Francisco, who made $3.265 million in 2010, posted a 6-4 record with two saves and a 3.76 earned-run average in 56 relief appearances last season.
In six seasons with the Rangers, Francisco compiled a 17-15 record with 32 saves and a 3.75 ERA to go along with 315 strikeouts.