FOX Sports' Ken Rosenthal reported that Colon inked a one-year, $12.5 million contract with the team.
The Braves have been busy signing aging pitchers over the past two days. Colon marks the second move they have made for a starter over the age of 40, coming on the heels of the R.A. Dickey signing on Thursday.
Atlanta has been in the market for starting pitching throughout the offseason, with general manager John Coppollela noting that the team was looking to add one or two veteran arms. The 43-year-old Colon certainly fits that bill.
In 2016, Colon went 15-8 with a 3.43 ERA and a 128-32 strikeout-to-walk ratio over 191 2/3 innings pitched with the Mets. For him, his 2017 salary will be a nice raise over the $7.25 million he made last season.