Feb 12, 2008 2:38 PM EST

Veteran pitcher Livan Hernandez and the Twins have agreed to a $5 million one-year deal, according to an Associated Press report.

The right-handed Hernandez can earn an additional $2 million in performance bonuses.

Hernandez had a -24% Reina Value in 2007, as he 'deserved' a salary of $5.3 million because of his season FIC of 160, but made $7 million. Click here for more information about the Reina Value

Via AP