He re-ups for 5 years, $80 million (USD). He turned down the Nats' reported offer of 5 years/$80M and the Marlins' offer believed to be around the same amount as the Dodgers' but heavily backloaded (thanks, Loria).
As much as I don't like giving Mike Piazza money to a closer, I have to commend Friedman for not cheaping out. You're not in Tampa Bay anymore where you can skate by with giving Pedro Baez the closer's job just because he makes the league minimum.