Source: Jose Contreras nears new deal
The source also said the deal includes a third-year option and performance incentives.
Contreras, who turns 39 in December, had a career revival in 2010, compiling a 6-4 record with a 3.34 ERA and four saves in 67 appearances with the Phillies. The right-hander struck out 57 and allowed only 16 walks in 56 2/3 innings.
Enrique Rojas is a reporter and columnist for ESPNdeportes.com and ESPN.com.