Mets sign Rodriguez

It's official.

The signing everyone expected to happen since the season ended has been completed, as ESPN reports that the Mets and closer Francisco Rodriguez have agreed to a 3-year deal worth approximately $37 million. The deal includes incentives which are undisclosed at the time, which would increase the value of the contract.

Foxsports.com's Ken Rosenthal also reports that the deal is completed, and that there is a vesting option for a fourth year, estimated to be worth $14 million, raising the value of the contract to four years, $51 million.

Closer was the Mets' top priority this off-season, after learning that Billy Wagner will likely be out for all of the 2009 season, the last year on Wagner's $43 million contract with the Mets, which he signed after the 2005 season.

Rodriguez saved 62 games for the Angels last year, a new major league record. Agent Paul Kinzer was initially looking for a 5-year deal worth $75 million for Rodriguez, who has registered at least 40 saves in each of the past four seasons. The closer will turn 27 in January.