Report: Orioles, Grant Balfour reach deal for 2-year, $15 million contract

Grant Balfour recorded 38 saves for the A's last season. (Ezra Shaw/Getty Images)

The Baltimore Orioles have signed relief pitcher Grant Balfour to a contract worth $15 million over two years, according to Roch Kubatko of MASNsports.com.

The deal was reached on Tuesday and will include $500,000 in deferred salary each season in addition to the $7 million salary.

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Balfour has served as the closer for the Oakland A's the last two seasons after working as a middle reliever and set-up man for the majority of his 10-year MLB career.