Former Yankees left-hander Kei Igawa has signed a two-year deal with the Orix Buffaloes, according to a report from Nikkan sports (Japanese link) which was passed along by Patrick Newman of NPB Tracker (via Twitter). Igawa's deal is worth ¥200M, which is roughly $2.5MM USD.
The Bombers invested a total of $46MM in the Japanese import, paying a $26MM posting fee to his Japanese club and $20MM to the pitcher. Igawa, now 32, posted a 6.66 ERA with 6.7 K/9 and 4.6 BB/9 in 71.2 innings for the Yanks. The left-hander spent the rest of his Yankees contract pitching in the minors, mostly with the club's Triple-A affiliate.