Juan C. Rodriguez of the South Florida Sun Sentinel says the deal is a one-year, $1.6 million contract.
Pierre signed a Minor League contract with the Phillies last winter, made the team out of camp and earned $800,000 in the Major Leagues in 2012.
A number of people have asked me on Twitter why the Mets wouldn't consider signing Pierre. On the surface, Pierre seems like a nice fit for the top of the order and a corner outfield spot, the money he's earning in Miami is reasonable, and he had a very good year for the Phillies in 2012, signing as a Minor League invite and quickly becoming a full time outfielder for them. But A) Pierre is left-handed, and the Mets are already to imbalanced from the left side in their lineup, B) he's mostly a singles hitter, and the Mets have plenty of singles hitters already - they need power, and Pierre simply doesn't provide that, and C) There's no indication there was mutual interest between the Mets and Pierre. And, even if the Mets had interest, it's not fair to assume Pierre was interested in the Mets. He has a history with the Marlins, he's towards the tail end of his career, and after the unloading the Marlins did earlier this week, it offers him a good chance to start everyday.