UPDATE: $1.5M guaranteed.
In a bold move with tremendous upside, the Red Sox have signed former Texas reliever Alexi Ogando to a one-year major league contract—pending a physical. FOXSports.com's Ken Rosenthal reported the deal, which further bolsters the Boston bullpen. As we have said before, claiming the 6'4" Dominican is a good risk—given a tremendous track record earlier in his career. In his rookie season, Ogando posted a 1.30 ERA out of the bullpen. He then followed that up by becoming an All-Star starter (13-9, 3.51 ERA in 2011). Despite the injury history, this is a very good, low-risk move.