The move doesn’t come as much of a surprise, as Angels general manager Billy Eppler told reporters at this week’s GM meetings that the club was in talks with the right-hander about a new deal. Bailey is the first free agent to come off the market this offseason.
Bailey, who was the American League Rookie of the Year in 2009 with Oakland, quietly signed a minor-league deal with the Angels in mid-August after being released by the Phillies. He went on to post a 2.38 ERA while saving six games for the Halos in 12 appearances, proving capable enough to earn a guaranteed deal for next year.
Bailey re-joins Huston Street as the most likely closing options for the Angels, and will likely get to compete for the job during spring training. Bailey is a veteran of seven major-league seasons with five different clubs, and owns a lifetime 3.16 ERA and 95 saves in that span.