After declining J.C. Romero's $4.5 million option in October, the Phillies have struck a deal to bring back the left-handed reliever at a lower rate, according to a report from CNSPhilly.com.
Romero, 34, missed most of the 2009 season with an elbow injury, and had an uneven 2010 in which he struggled with his control while posting a 3.68 ERA and 29 walks in 36 2/3 innings. That made him a bad bet at $4.5 million, but the Phillies still wanted the lefty in their bullpen. No word on the financial terms, but whatever they're paying him, you can tack on $250,000 -- that's the buyout they paid him when they declined the option.
-- David Andriesen
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