The Red Sox have signed free-agent reliever Takashi Saito to a one-year contract with a team option for 2010, the Globe's Adam Kilgore learned earlier today. The Sox officially announced the signing in a press release this afternoon.
The deal includes a guarantee between $1.5 million and $2.5 million, according to
FOXsports.com's Ken Rosenthal. Saito will have the chance to earn more than $7 million if he reaches all of his incentives. Rosenthal reports that Saito has already passed his physical.
The 39-year-old Saito spent parts of the last three seasons as the Dodgers closer, saving 39 games for Los Angeles in 2007. The righthander missed significant time last season with a sprained ligament in his elbow, and the Dodgers did not offer him a contract for 2009, making him a free agent. With Jonathan Papelbon cemented in the closer's role for the Sox, Saito figures to be a mid-to-late inning reliever in Boston.