According to John Fay. No details yet, press conference at 4:00.

UPDATE (by Chad): Details still to come, but I wanted to note a couple of things said in the comments.

I don’t have a problem with the signing if (a) it’s not an outrageous amount of money and (b) they aren’t counting on him to be an everyday player at a single position. Freel is out of his element as an everyday starter, but he has a ton of value, in my opinion, as a “super-sub” type of player.

If nothing else, he provides flexibility in terms of roster construction, and you don’t lose much when you have to play him…at any of a number of positions.

There’s room for disagreement on this one, and I took over Bill’s post to make my arguments, but I like it. What do you think?