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Update: Marlins reach agreement with Javier Vazquez

Javier Vazquez

New York Yankees starting pitcher Javier Vazquez throws to first base while playing against the Toronto Blue Jays during third-inning AL baseballl game action in Toronto on Wednesday, Sept. 29, 2010. (AP Photo/The Canadian Press, Nathan Denette)

AP

The Marlins have made a couple of questionable moves this offseason. This won’t be one of them.

A source told MLB.com’s Bill Ladson that the Fish are nearing a contract with free agent right-hander Javier Vazquez. The Nationals, Rockies, Cardinals and Cubs all showed interest, but Javy has a home in south Florida and that may have helped the Marlins win him over.

Vazquez is thought to be seeking an incentive-laden one-year contract in the hopes of revitalizing his career. A recipient of Cy Young Award votes in 2009, he posted an ugly 5.32 ERA and 1.40 WHIP over 31 appearances (26 starts) for the Yankees this past season.

Many believe that he’ll be able to bounce back with a move back to the National League.

Vazquez was offered arbitration by the Yankees and will net his old team a supplemental round draft pick once his new contract is signed.

UPDATE: Jon Paul Morosi of FOXSports.com says the deal is done. As expected, it’s s a one-year contract, and probably packed with performance-based incentives.

UPDATE II: Ken Rosenthal of FOXSports.com reports that the contract is worth between $6 million and $7 million. A bargain for the Marlins if Javy can turn things around.