Just as I figured.
Jerry Crasnick of ESPN is reporting the Phils snatched Jenkins to a 2-year/$13MM deal with a third year vesting option. At the moment, it’s a preliminary agreement.
Jenkins is a nice fit for the Phillies, and will make up for about 60-70 percent of Aaron Rowand’s loss. It looks to be about $6MM for the first year and $7MM for year two, which isn’t disastrously high. It’s about what you’d figure for Jenkins. Of course, this means the Phillies arbitrary $10MM to spend this offseason has been reached (and a bit overdrawn). Does it mean the Phils are finished spending? I hope not.
As far as the team’s needs for 2008, they can still use another starter and another back-end reliever. Kris Benson may be the former, but there’s no indication the Phils are strongly looking for the latter. All in all, despite this good pickup, the Phils may be going into 2008 with the same problems as 2007.