Cubs re-sign reliever John Grabow

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John Grabow has decided to pass on free agency and remain with the Cubs, signing a two-year deal worth a reported $7.5 million.
Acquired from the Pirates at midseason, Grabow had a 3.24 ERA in 25 innings out of the Cubs’ bullpen and has a nice-looking 3.09 ERA in 148 innings overall during the past two years.
However, with a 119/77 K/BB ratio and 14 homers allowed during that time his secondary numbers suggest that Grabow has been quite fortunate to post those marks.
His batting average on balls in play and the rate at which he strands runners on base were both unsustainably strong and figure to be worse going forward, making it likely that he’ll be a decent left-handed setup man rather than a lights-out option in the late innings.
Chicago certainly has enough payroll space that dropping $3.75 million per season on a non-elite reliever isn’t a big issue either way, but I’d bet against Grabow being worth $7.5 million over the next two years.

Report: Rockies close to signing Bryan Shaw

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Joel Sherman of the New York Post reports that the Rockies are close to an agreement with free agent reliever Bryan Shaw. According to ESPN’s Buster Olney, Shaw’s deal is for three years and will guarantee about $9 million per year.

Shaw, 30, has spent the last five seasons in the Indians’ bullpen. Over that span of time, mostly setting up for closer Cody Allen, Shaw put up an aggregate 3.11 ERA with a 333/119 K/BB ratio in 358 2/3 innings.

The Rockies have been in hot pursuit of bullpen help after losing Greg Holland and Pat Neshek to free agency. Shaw would certainly represent a significant improvement in the bullpen.