The Phillies exercise Jimmy Rollins' option for 2011

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It’s early to be doing this, but $8.5 million for Rollins is a really good deal, even if he’s not the player he was a couple of years ago. FanGraphs’ magic-player-value-contraption has him being worth north of $10 million in 2009, and that was probably his worst year since he became a regular, at least with the bat.

He’s likely to be better than that in 2010 and probably 2011 too, and he’s a popular team captain, so why not exercise the option now?

Report: Momentum in talks between Mariners, Jon Jay

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MLB.com’s Mark Feinsand reports that there is some momentum in talks between the Mariners and free agent outfielder Jon Jay.

Jay, 32, hit .296/.374/.375 in 433 plate appearances with the Cubs last season, which is adequate. He’s heralded more for his defense and his ability to play all three outfield spots.

The Mariners are losing center fielder Jarrod Dyson to free agency and likely don’t want to rely on Guillermo Heredia next season, hence the interest in Jay. The free agent class for center fielders is otherwise relatively weak.