The rumored negotiations from yesterday came to fruitation today, as former Mets left-handed reliever, Pedro Feliciano, signed a two-year, $8 million contract with the New York Yankees. According to sources, there will also be a club option for a third year.
As I touched upon in my article yesterday, Feliciano has essentially been misused as an “every situation” reliever since only allowing a .221/.325/.371 line against him from opposing right-handed hitters in 2007. Since 2007, however, righties have owned a .325/.417/.474 line against him–which makes 2007 look more like an anomaly than his ceiling. If used exclusively against lefties, Feliciano, who has a career .214/.282/.297 against lefties, would be an effective option for the Yanks.
Along with Boone Logan, the addition of Feliciano gives the Yankees two solid lefty options out of their bullpen in 2011–and could even net a third lefty in late July when Damaso Marte comes off the disabled list. But considering George Sherrill, who owns a superior .167/.235/.265 career line against lefties to Feliciano, only signed a 1 year, $1.2 million (with another $.2 million in incentives) contract, it appears to be a gross overpay by the Yankees.