Rockies ink Street, Betancourt to multi-year deals

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With the deadline to submit figures for arbitration looming, the Rockies have agreed to multi-year deals with arbitration-eligible relievers Huston Street and Rafael Betancourt.
According to FOXSports.com’s Tracy Ringolsby, Betancourt will get $7.5 million over two years while Street’s deal is worth $22.5 million over three years with an option for 2013.
Colorado had previously declined a $5.4 million option on Betancourt for 2010, so $3.75 million per season represents a discount of sorts even if that’s still paying a premium for middle relief. Betancourt had a 2.73 ERA and 61/20 K/BB ratio in 56 innings split between Cleveland and Colorado last season, but struggled in 2008 and turns 35 years old soon.
Street likely would have been in line for around $7 million via arbitration and could have hit the open market following the season, so the Rockies essentially paid about $15 million for his first two seasons of free agency. That’s definitely pricey for a reliever, but Street is a 26-year-old with a 2.91 career ERA who saved 35 games with a 3.06 ERA, .194 opponents’ batting average, and 70/13 K/BB ratio during his first season in Colorado. He’s a legitimately elite reliever who’ll be just 29 when the contract ends.
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Report: Brewers have made formal contract offer to Yu Darvish

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Yahoo Japan reported on Sunday (Monday there) that the Brewers have made a formal contract offer to free agent pitcher Yu Darvish. Ken Rosenthal of The Athletic has confirmed Yahoo Japan’s report. The length of the offered contract and the value are not known at the moment.

Darvish recently said on his personal Twitter account that the Rangers, Yankees, Cubs, Astros, Twins, and “one more team” have been in the running for his services. The unnamed team was believed to be the Dodgers, but it may well be the Brewers.

The Brewers could certainly use Darvish’s arm. Chase Anderson and Zach Davies currently lead the starting rotation and the club added Jhoulys Chacin and Yovani Gallardo this offseason.

Darvish, 31, posted a 3.86 ERA with a 209/58 K/BB ratio in 186 2/3 innings between the Rangers and Dodgers in the regular season last year. He faltered in the playoffs, specifically in the World Series, where he gave up nine runs in 3 1/3 innings across two starts. Darvish was apparently tipping his pitches, however, which is a correctable issue.