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01/28/11 10:10 PM EST

Blue Jays avoid arbitration with Frasor

The Blue Jays announced Friday night that they have reached an agreement with reliever Jason Frasor that could keep him in the fold for the next two seasons.

Frasor, who became the team's longest-tenured player with last week's blockbuster trade of Vernon Wells, signed a contract worth $3.5 million for the 2011 season with a club option for '12 worth $3.75 million. Frasor became a free agent after last season, but accepted Toronto's offer of arbitration.

Frasor, who was acquired from the Dodgers in 2004 in exchange for outfielder Jayson Werth, has posted a 22-27 record with 36 saves and a 3.76 ERA over the last seven years. The right-hander notched a 3-4 record with four saves and a 3.68 ERA in '09, and he'll stand as a complement to offseason acquisitions Octavio Dotel, Frank Francisco and Jon Rauch.

Frasor, who will turn 34 in August, ranked second on Toronto's staff in appearances (69) and fourth among the team's relievers in innings pitched (63 2/3) last season. Frasor, who was originally selected by Detroit in the 33rd round of the 1999 First-Year Player Draft, has registered an ERA below 4.00 in three of his seven seasons with the Blue Jays.

The Chicago native has notched twice as many strikeouts as walks in each of the last two seasons, and he's also managed that same tendency over the life of his career. Frasor has allowed 35 home runs in 418 2/3 innings in the Majors, and he's racked up more strikeouts (389) than hits allowed (365) over the course of his big league career.

Spencer Fordin is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.