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Rays sign one-year contract with Farnsworth
Kyle Farnsworth - R - Tampa Bay Rays
Jan. 24, 2013 - 11:20 AM ET

According to ESPN's Jerry Crasnick, the Rays have reached a one-year agreement with Kyle Farnsworth.

The deal will carry a base salary of around $1.5 million and another $1.5 million in performance incentives. Farnsworth, 36, posted a 4.00 ERA in 27 innings last season while battling an elbow injury. He will operate as a setup man in 2013 behind closer Fernando Rodney.