Phillies Sign Martinez

Todd Zolecki's tweet:

Pedro is locked down. One year about $1 million, plus $1.5 million in incentives. News conference tomorrow.

Pedro Martinez is officially a Phillie. The 37 year-old righty signed a one year deal worth $1 million with another $1.5 million in incentives. There will be a news conference tomorrow but no time has been made yet.

This is a good move seeing it's a cheap low risk/high reward deal. He will likely become the the Phillies' fifth starter, adding great veteran experience and team leadership. He loves the spotlight and has great chemistry with all of his teammates.

Ruben Amaro said that Martinez will need to pitch a few minor league starts before he sees time in the majors.

We're still trying to assess where he is," Amaro said. "He would need some time [in the Minors], absolutely."

Amaro also said Martinez's arrival would not preclude them from making other moves, including the pursuit of Blue Jays right-hander Roy Halladay.

Welcome and good luck, Pedro.