Philadelphia Phillies Sign Pedro Martinez

The Philadelphia Phillies are officially reporting that they have agreed to terms with free agent pitcher Pedro Martinez. He signed a one-year contract worth $1 million, including $1.5 million in incentives.

The Phillies are expected to have a press conference sometime today, with the New York Daily News saying that a 12 PM press conference is likely. Stay tuned for confirmation.

The signing of Martinez brings an end to a media frenzy and speculation, but it’s hardly the final piece of the puzzle. Martinez will need a couple of starts in the minor leagues before jumping into the mix in the starting rotation, so expect to hear some details about that today.

The right-handed pitcher may not be the same guy who has won a Cy Young, but he does bring a winning attitude.

Martinez owns a career record of 214-99 with a 2.91 ERA. He went just 5-6 last year with a high ERA, but he says that the passing of his father bothered him and now is ready and focused to pitch. He also says he feels he is in the best shape he has been in over the last few years.

Let the Martinez Experiment begin.