Report: Blue Jays Sign Francisco Cordero To One-Year, $4.5 Million Deal

The Toronto Blue Jays have signed reliever Francisco Cordero to a one-year, $4.5 million deal to serve as their set-up man, according to Ken Rosenthal of Fox Sports.

Source: Cordero to #BlueJays, pending physical. One year, $4.5M. Will set up for Santos. #MLB

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Ken Rosenthal (@Ken_Rosenthal) January 24, 2012

Cordero, 36, has served as a closer in the MLB for the past 10 seasons averaging 30 saves per year. Last season as the closer for the Red Cordero posted 37 saves with a 2.45 ERA.

Over the course of his career he has posted 30-or-more saves seven times, and 40-or-more saves three times.