Kat O'Brien reports that the Yankees have signed Damaso Marte to a 3 year, $12 million dollar deal with an option for a fourth year.

Earlier this month, the team declined a one year option of $6 million on Marte, electing to pay him a $250,000 buyout. The new deal has Marte receiving $3.75 million in 2009 and $4 million in both 2010 and 2011. The team then holds a $4 million dollar option on Marte for 2012, with a $250,000 buyout.

I like this deal. I think Marte could have received more on the open market. We have been looking for a consistent lefty for years and, though his numbers with the Yankees were not great last season, he has enough of an established pedigree to treat them as an aberration.