Red Sox sign Bailey By Sports Network

Closer Andrew Bailey pitches against the Angels in Anaheim, Calif., Sep. 23, 2011. (ALEX GALLARDO/Reuters)

BOSTON - The Boston Red Sox signed pitcher Andrew Bailey to a one-year contract on Wednesday, thereby avoiding arbitration.

Bailey was acquired by the Red Sox from the Oakland Athletics on December 28. Last season, the right-hander went 0-4 with a 3.24 earned run average but converted 24-of-26 save opportunities.

A sixth round draft pick of the A's in 2006, Bailey is 7-10 with a 2.07 ERA and 75 saves in 157 appearances over three major league seasons.