The Rays announced that they have signed free agent reliever Kyle Farnsworth to a one-year, Major League contract. Farnsworth will earn a base salary of $1.25MM with the chance to double his earnings through incentives.

Farnsworth posted a 4.00 ERA with 8.3 K/9, 4.7 BB/9 and a 55.1% ground ball rate in 27 innings for the Rays in 2012. The 36-year-old earned $3.3MM in 2012, up from $2.6MM in 2011. He was linked to the Brewers this offseason and had multiple offers as recently as last week. He ultimately narrowed his choices to the Rays and another unknown club. Meister Sports Management represents Farnsworth.

ESPN.com's Jerry Crasnick first reported the agreement (Twitter links). Ken Rosenthal of FOX Sports, Jon Heyman of CBS Sports and Marc Topkin of the Tampa Bay Times all reported on the value of the deal (Twitter links).