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Joel Peralta Re-Signs with Rays

Brad Mangin/MLB Photos via Getty Images(TAMPA BAY) -- The Tampa Bay Rays locked up an important piece of their bullpen. 

Setup man Joel Peralta will re-sign with the Rays on a two-year deal, according to The Tampa Bay Times. The contract is reported to be for $6 million over the first two seasons, with a $2.5 million option for the third year. 

Peralta set up closer Fernando Rodney this past season and went 2-6 with a 3.63 ERA and 37 holds. Rodney's option was picked up after posting a .60 ERA, a major league record for a reliever with 50 innings pitched.

"Some teams offered a little bit more money, but I got what I thought I was worth and I was happy with it," Peralta told a newspaper in the Dominican Republic. "I didn't want to go anywhere else."

The deal is pending a physical.

Copyright 2012 ABC News Radio

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