Balls, Sticks and Stuff likes the Moyer signing:

Again, the off-season is young and things can change, and injuries for any pitcher can be just around the corner, but as of right now, the Phillies rotation stacks up pretty well. Couple that with the fact that the team has one of the best -- if not the best -- offenses in the NL East, and the team is looking even better.

As a neutral observer, Moyer's increased home runs per nine over the last three seasons, coupled with pitching at age 44, make me think a two year contract is generous. He allowed 1.03 HR per 9 through 2003, 1.47 since. He still walks very few batters, however, which helps compensate for the long balls.