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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Orioles claim Jace Peterson off waivers from the Yankees

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The Baltimore Orioles have claimed utilityman Jace Peterson off waivers from the Yankees.

Peterson has played in three games this season and has been DFA’d twice. He had no place to play in New York but perhaps the O’s can use his versatility. While mostly a second baseman in his career he’s appeared at every position except pitcher and catcher at some point along the way, and that’s useful. More useful for a team that isn’t going anyplace like Baltimore, I presume. Saves ’em on gas money from Norfolk when someone gets an owie.

To make room for Peterson the O’s moved Gabriel Ynoa, who is suffering from shoulder inflammation, from the 15-day to the 60-day disabled list. Ynoa has yet to appear in a game this season.