Hoynes is reporting that Keith Foulke passed his physical and that the Indians will sign him to a 1-year, $5 million contract with an additional $2 million in incentives. Also, there will be a mutual option for 2008. The Indians are claiming that Foulke and Borowski will compete for the closer's job in spring training, but I've got to believe that, if healthy, Foulke will be the clear favorite.

UPDATE: The AP and everyone else is reporting that the deal is done.  Apparently Foulke feels very strongly about the Indians organization.  I know this because his agent keeps saying it.  It will be nice to hear Keith say it, or anything, for himself.  Foulke gets $1 million less guaranteed, and $3 million less in incentives, than Gagne got from the Rangers.  The deal also includes a mutual option for 2008, which means nothing to anyone.

Brian Sikorski has been designated for assigment to make room for Foulke on the 40-man roster.  If he clears waivers, he'll be outrighted to Buffalo. [Jay]