UPDATE: According to Matt Gelb, the deal is worth $7.5 million.
According to Jim Salisbury, the Phillies have reached an agreement with right-handed reliever Joaquin Benoit, pending a physical. Benoit split last season almost evenly between the Mariners and the Blue Jays. He was terrible in Seattle and amazing in Toronto, and the main culprit (as these things usually go) was an increased walk rate and home run rate in Seattle. Taken as a whole, his last season was not very different from his prior seasons, once you account for his advanced age. I think it would be unwise to expect better than the 2.81 ERA he posted over 48 innings in 2017.