The Mets and LHP Pedro Feliciano have agreed to a one year 1.025 million dollar contract for 2008.

Feliciano was 2-2 with a 3.09 ERA and two saves in 78 appearances last season.

Feliciano was eligible for arbitration if he was unable to reach an agreement with the Mets.

The Mets have three players remaining in arbitration: left-hander Oliver Perez, right-hander Jorge Sosa and outfielder Ryan Church.

The Mets have not had an arbitration eligible player actually go to an arbitrator since David Cone in 1992.

I've always been a huge fan of Feliciano, good to see we avoided an arbitration disagreement with him. Hopefully we will sign him to a longer contract after next year.