Brewers release veteran starter Jeff Suppan

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Demoted to the bullpen in mid-April after back-to-back ugly starts to begin the season, Jeff Suppan posted a 7.48 ERA in 13 appearances as a reliever, allowing 19 runs on 34 hits and nine walks in 21.2 innings, and was released by the Brewers this afternoon.
Milwaukee signed Suppan to a four-year, $42 million contract in December of 2006 despite his being a 32-year-old journeyman with a 4.60 career ERA who’d posted an ERA below 4.00 exactly once.
For that money Suppan ended up going 29-36 with a 5.08 ERA in 577 innings, with his performance declining so much that the Brewers are now eating about $8 million of the $12.5 million he’s making this season. Oh, and the contract also includes a $12.75 million option for 2011 that the Brewers must buy out for $2 million.
The lesson, of course, is that signing mediocre, over-30 players to big long-term contracts usually doesn’t end well. During the offseason Suppan signed with the Brewers there were 10 free agents who got more than his $42 million: Alfonso Soriano, Barry Zito, Carlos Lee, Aramis Ramirez, J.D. Drew, Gil Meche, Daisuke Matsuzaka, Gary Matthews Jr., Jason Schmidt, and Juan Pierre. I’d say there’s a pretty strong chance the teams regret all 10 of those deals (with the possible exception of Drew … maybe).

Cubs sign Drew Smyly to a two-year, $10 million contract

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The Cubs announced on Tuesday evening that the club signed pitcher Drew Smyly to a two-year contract. Ken Rosenthal of The Athletic reports the contract is for $10 million total and allows Smyly to earn another $7 million with performance bonuses. Smyly was non-tendered by the Mariners at the beginning of the month and became a free agent.

Smyly, 28, underwent season-ending Tommy John surgery in late June. He’s expected to miss, at minimum, the first half of the 2018 season. The Cubs are hoping he can contribute to a playoff push in the latter half of the season as well as in 2019.

Smyly didn’t pitch at all in 2017. When he was healthy the season prior, he made 30 starts for the Rays and put up a 4.88 ERA and a 167/49 K/BB ratio in 175 1/3 innings.