KHOU is reporting that the Astros have signed Jose Valverde to an $8 million deal for next year. Valverde projects to be a 2.2 WAR player, with a theoretical market value of $11 million. This seems like a solid signing, and a good way to avoid arbitration on him.
It would have been nice to see a two year deal for the same, or near the same, kind of money just to stave off Wade hitting the market for an overpriced closer next year, but I assume that just wasn't an option.