MLB free agency: Angels, Cody Allen reportedly agree to one-year deal to become team's new closer

The Los Angeles Angels and veteran closer Cody Allen have agreed to a free-agent deal, according to multiple reports. Ken Rosenthal of The Athletic reports that the one-year contract will pay Allen $8.5 million plus the chance to earn up to $2.5 million in incentives, which would total $11 million.

Allen is coming off a disappointing 2018 campaign with the Indians

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Cody Allen LAA • RP • 37
ERA4.70
K/910.7
WHIP1.36
S27
BS5

Those uncharacteristic numbers explain why Allen was willing to settle for a one-year pact -- so that he can try to re-establish his value and re-enter the market next offseason. Allen, who has 149 career saves, boasted a career ERA+ of 157 with a K/BB ratio of 3.46 coming into 2018, so last year's struggles were certainly out of character. 

Last season, nine different Angels pitchers picked up saves, led by Blake Parker, so they were seeking some certainty in the role. 

The Allen signing is part of GM Billy Eppler's latest effort to put a worthy roster around superstar Mike Trout despite tight budget constraints. In addition to Parker, Eppler this offseason has added Justin Bour, Jonathan Lucroy, Matt Harvey, and Trevor Cahill, among others. 

As for Allen's old team in Cleveland, Brad Hand figures to get most of the save chances. 

CBS Sports Writer

Dayn Perry has been a baseball writer for CBS Sports since early 2012. Prior to that, he wrote for FOXSports.com and ESPN.com. He's the author of three books, the most recent being Reggie Jackson: The... Full Bio

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