According to Ken Davidoff of Newsday, the Mets and LHP Pedro Feliciano also avoided arbitration and agreed on a one-year, $2.9 million deal.
Quick reaction... what?! I love me some Pedro Feliciano - perhaps irrationally so - but that is a ton of money for a left-handed specialist.
Fangraphs has Feliciano's value at $2.9 million or more in three of the last four years, but he was also worth NEGATIVE dollars in 2008. And with relievers, it's really a crap shoot. It's too much, but it alone won't break the budget, I guess.