Jan 23, 2008 4:25 PM EST

According to the Associated Press, the Cincinnati Reds and pitcher Jeremy Affeldt finalized their one-year, $3 million deal Wednesday.

Affeldt, who has appeared as a starter and a reliever in his career, has the ability to make over $1 million in performance bonuses next season.

He pitched as a reliever for the Colorado Rockies last season.

Via RealGM Staff Report