Update, 8:45 am MT:
While the complete terms of the contract are still not know, Jon Heyman is reporting that it is a three-year deal with an option for the fourth year. It is not clear if that option is a player, team, or vesting option.
The Colorado Rockies have reportedly re-signed Jake McGee. While the deal is still pending a physical and no details are available as of yet, the New York Post‘s Joel Sherman is saying that the deal is done. Earlier in the morning Ken Rosenthal reported that teams involved in negotiations with McGee’s representatives felt that he was headed back to the Rockies, and it now looks like the Rockies have added a second major piece to their bullpen.