The New York Mets agreed to a three-year deal with free-agent reliever Francisco Rodriguez, a source told ESPN.
The deal, worth $37 million plus addition incentives, is pending a physical.
It is a one-year increase over the two years and $24 million the team is said to have initially offered Rodriguez, who broke the major league single-season saves record last season with 62.
FoxSports.com previously had reported that the Mets had offered Rodriguez a third year.
The Mets, whose bullpen was a major culprit in the team's September collapse, are in need of a front-line closer to replace the injured Billy Wagner, who likely will miss all of 2009 following elbow surgery.
The contract would pay Rodriguez about $3 million more than he was offered by the Los Angeles Angels in spring training and $6 million less than Wagner's deal with the Mets.
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