The Mets have agreed in principle to a deal with pitcher Yusaku Iriki, according to a source familiar with the situation.

Iriki, a 32-year-old righty who spent last year with the Nippon Ham Fighters in Japan, will get a one-year deal which also includes a team option, the source said. The deal, which is pending a physical today, is worth slightly less than $1 million and also includes approximately $500,000 in potential incentives, according to the source.

Iriki is likely to be used as an arm that can start a game or come out of the bullpen, which would provide insurance in both areas for the Mets.

The Mets also came to terms with their final two arbitration-eligible players yesterday, inking Victor Zambrano and Chris Woodward.

Zambrano came to terms on a one-year deal for $3 million plus incentives, according to a person familiar with the contract. As for Woodward, according to a source close to the negotiation, he agreed to terms on a one-year pact for $825,000, with the possibility that incentives could push the contract to $1.25 million.