D-backs announce signing of Fernando Rodney

Mark J. Rebilas/Mark J. Rebilas-USA TODAY Sports

PHOENIX — The Diamondbacks on Friday formally announced the signing of veteran relief pitcher Fernando Rodney to a one-year contract.

The deal had been agreed to earlier this week at baseball's winter meetings but was not announced until Rodney completed a physical exam.

The Associated Press reported that the contract calls for Rodney to be paid $2.75 million, with up to $4 million in incentive bonuses.

Rodney will go into spring training as the odds-on favorite to become the Diamondbacks' closer.

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“With Fernando, we’re getting an established Major League closer and a veteran presence in the bullpen,” general manager Mike Hazen said. “It is helpful to have someone with his experience on the back end to slow the game down and get the final 3 outs.”

Rodney, who turns 40 in March, split the 2016 season between the San Diego Padres and Miami Marlins, going 2-4 with 25 saves, a 3.44 ERA and 74 strikeouts in 65 1/3 innings. He had an 0.31 ERA and was perfect in 17 save opportunities with San Diego, but after being traded to Miami, he had a 5.89 ERA in 39 games.

He ranks fifth among active pitchers with 261 career saves.