UPDATE (3:50 p.m.): We have an agreement. Burrell is a Ray. Buster Olney of ESPN reports it’s two years, $16 million.
Ken Rosenthal of FOXSports is reporting the Rays are near a deal with Pat Burrell for two years and $16 million.
The Phillies signed Raul Ibanez earlier in the offseason for three years and $31.5 million.