Hudson, Braves make three-year deal official

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In a deal that was agreed upon weeks ago and delayed by the need for a pre-signing physical exam, the Braves and Tim Hudson have officially completed a three-year contract extension that includes a fourth-year team option for 2013.
Atlanta held a $12 million option or $1 million buyout on Hudson for 2010, but the new contract supersedes that. Hudson will reportedly receive around $9 million per season after posting a 3.61 ERA in seven starts down the stretch to apparently convince the Braves that he’s fully recovered from Tommy John surgery.
Obviously handing a three-year contract to a 34-year-old who’s just 42 innings removed from elbow surgery carries plenty of risk, but Hudson looked very much like his old self in September and has had an ERA above 3.75 just twice in 11 seasons. For his career he’s 148-78 with a 3.49 ERA in 2,060 innings, including 56-39 with a 3.77 ERA since coming to the Braves from the A’s in a December of 2004 trade.
Atlanta’s outstanding rotation depth hardly made retaining Hudson a must, so the Braves must be very confident about his elbow. General manager Frank Wren explained that re-signing Hudson “allows us to take the next step,” which almost surely means trading at least one of Derek Lowe, Javier Vazquez, and Kenshin Kawakami for offensive help. Here’s more from Wren:

This does give us the depth and strength in one area of our club that allows us to do some other things now. We’re going to be looking at that over the next three to four weeks as we lead into the winter meetings. I think we’re a work in progress in that regard, still in feeling-out process with other clubs. This is the first step to it, and now we have some additional direction.

Lowe is 36 years old and just posted the second-worst ERA of his career, so shedding the remaining three years and $45 million on his contract will prove difficult unless the Braves are willing to eat a bunch of salary. Vazquez is coming off a fantastic season and will make $11.5 million in 2010 before becoming a free agent, so he’d be far easier to deal for significant value. Either way, with veteran starting pitching to shop the Braves will be major players at the winter meetings in a few weeks.

Giants, Cardinals reportedly have offers on the table for Giancarlo Stanton

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We’re entering what is typically one of the slowest news weeks in the baseball calendar. Occasionally some big free agents sign around now. For example, it was 20 years ago today Andres Galarraga signed with the Braves, and I still remember being in an airport on the way home to visit my parents when I heard the news. I’m an old man.

The biggest news that is likely to happen this offseason is Giancarlo Stanton being traded. That hasn’t happened yet, but here are the latest bits of news on that:

Jon Morosi of MLB Network reports that the Cardinals have made a formal trade offer to the Marlins for Stanton. No word what they’re offering, but the clubs have been in discussion for some time and it has been reported that the Marlins are the most interested in doing a deal with St. Louis due to the prospects they could send to Miami. There is a sense, however, that Stanton would be hesitant to approve a trade to the Cardinals because he prefers to play on the West Coast;

The Giants play on the west coast, and over the weekend they were reported to be the “most aggressive team” in trade talks for Stanton at the moment. Ken Rosenthal reports that the Giants have likewise made an offer. Their farm system is nowhere near as stocked as that of the Cardinals, so it’s unclear whether they have the prospects to make Miami happy. They could, of course, eat a lot of Stanton’s $295 million contract to make up for that, of course, but (a) doing so would put them over the luxury tax; and (b) the Marlins no doubt want to spur a rebuild with a Stanton trade, so if they can’t get some blue chip prospects back in return, what’s the point?

UPDATE: Who knows if this is anywhere close to enough — I’m guessing not — but this is what the Giants reportedly have on the table:

Anyway, that’s where we are as we begin Thanksgiving week.