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Atlanta Braves sign Reliever Billy Wagner

The 38-year-old Southpaw pitched for Boston last year. From ESPN-

The Atlanta Braves have agreed on a one-year contract with veteran left-handed reliever Billy Wagner.

The deal will pay Wagner $7 million in 2010 and includes a $6.5 million club option for 2011, as well as a $250,000 buyout. The option would become guaranteed if Wagner finishes 50 games next season.

“We feel this is a great start for us to put together a championship-quality team for 2010,” Braves general manager Frank Wren said in a statement. “Billy has been at the top of our list as a player we wanted to acquire for some time, and we’re excited to have him anchoring our bullpen.”

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The Boston Red Sox offered salary arbitration to Wagner, so they’re entitled to draft-pick compensation when the deal with Atlanta becomes official.

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Wagner, 38, ranks sixth on baseball’s career list with 385 saves, second among left-handers behind John Franco (424). He posted a 1.72 ERA and struck out 26 batters in 15 2/3 innings with the Mets and Red Sox last season after returning from Tommy John surgery.

The Wagner signing looks like a reasonable if pricey gamble to me. Based on this 2009 stats, I think Wagner can still help a team.

 
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