After spending the last two seasons with the Chicago White Sox, RHP Octavio Dotel signed a one-year deal with the Pittsburgh Pirates for around $3.5 million and also includes a 2011 club option. After the Pirates non-tendered Matt Capps earlier this off-season, Dotel becomes the ninth inning guy.
While spending time in Chicago as the setup man for Bobby Jenks, Dotel compiled a 3-3 record with 75 strikeouts in 62.1 IP last season. Dotel also had a 10.83 K/9 ratio along with a 3.88 FIP in 2009. Dotel has floated around MLB the past few seasons while battling injury and hasn't recorded a save since the 2007 season.
With the inking of Dotel, the Pirates will have RHP Brendan Donnelly and possibly RHP Joel Hanrahan serve as the 8th inning man. Hanrahan was rumored to be the closer after the Pirates waived Capps, but recent injury news convinced the Bucs to sign another relief pitcher.
There is certainly fantasy value with Dotel inking with the Bucs as I expect ~25 saves while in 2010. He will be a pick in the middle to late rounds after the "elite" closers are drafted in mixed leagues. The only issue with Dotel is having the Pirates put him in position to acquire saves.