Update: Danny Knobler reports the first year is for $3 million. Sounds like a good deal to me.
Update: Jon Heyman confirmed Rosenthal's report today (via Twitter)
octavio dotel is in agreement on deal for 1 yr and option with #tigers
dotel deal with #tigers gives them very strong pen. adds to benoit, valverde, etc.
MLB.com's Jason Beck confirms that the Tigers are putting the finishing touches on a contract with Dotel.
DALLAS -- The Tigers found the man they wanted to shore up the middle of their bullpen, and Octavio Dotel found another new home. They found a match, and the two sides spent Wednesday evening putting together a one-year contract.
The deal was not finalized as of late Wednesday evening, but a baseball source characterized it as close. It's expected to include an option for the 2013 season, a compromise between the multiyear contract Dotel was seeking and the one-year deal the Tigers preferred.
This is the latest information available as of 2 a.m. EST.
In case you're wondering, the Tigers do still have one roster spot open to make a selection in Thursday's Rule 5 draft, should they choose to do so.