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Source: Tigers, closer Valverde agree on 2-year deal
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The deal includes an option for a third year, worth $9 million. Because Valverde is a Type A free agent, the Tigers will need to surrender their first-round pick to the Astros in order to sign him.
Valverde led the National League in saves in 2007 and 2008; he recorded 25 for the Astros last year, while going 4-2 with a 2.33 ERA in 52 outings.
Yahoo! Sports was first to report the agreement.