Found November 15, 2010 on The Fightins:
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According to MLB.com’s Todd Zolecki, the Philadelphia Phillies and pitcher Jose Contreras have come to terms on a two-year contract worth $5.5 million with a club option for a third year.

Contreras was one of the best relievers on the team in 2010, his first as a full-time reliever. He went 6-4 with a 3.34 ERA and four saves in 56.2 innings. Although multi-year contracts for relief pitchers can be precarious (Danys Baez, for instance), the deal for Jose isn’t cost prohibitive.

With Jose back in the fold, and rumors circulating that the Phillies are in talks with former Mets’ pitcher Hisanori Takahashi, it appears that the early priority for Ruben Amaro is to bolster the back end of the bullpen.

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