Rockies exercise $2.5 million option on Miguel Olivo for 2011

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Miguel Olivo followed up a big first half by hitting .193 after the All-Star break, but finished with a solid .269/.315/.449 line in 112 games overall and will be back in Colorado next season after the Rockies’ exercised their $2.5 million team option for 2011.
Olivo either figures to split time behind the plate with Chris Iannetta again or take on the bulk of the starts if the Rockies end up taking Iannetta out of the doghouse long enough to trade him, but either way $2.5 million is a reasonable enough salary.
Olivo does a nice job shutting down the running game and has good power for a catcher, smacking 14 homers in 394 at-bats this season and an average of 20 homers per 500 at-bats for his career, but horrendous plate discipline keeps him from actually being a major asset offensively. He struck out 117 times while drawing a grand total of just 22 non-intentional walks this year, and was even worse in the previous two seasons with K/BB ratios of 126/19 and 123/14.
UPDATE: Not so fast, my friend: Colorado’s team option on Olivo actually became a mutual option because he played more than 110 games this season, which means he still has the ability to become a free agent even after they exercise their half of the deal.

Fernando Rodney gives up walk-off homer to Gary Sanchez

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The Fernando Rodney Experience hasn’t been a good one for the Twins thus far. The veteran closer served up three runs in the bottom of the ninth inning to the Yankees on Thursday afternoon, erasing a 4-1 lead and blowing his third save in five opportunities.

In the ninth, Didi Gregorius reached on a throwing error by Miguel Sano. Giancarlo Stanton then singled, and Gary Sanchez followed up with a walk-off three-run home run.

Rodney, 41, now sports a 6.75 ERA on the year. He inked a one-year, $4.5 million contract with the Twins back in December. The club has an option for next year worth $4.25 million. If things keep going the way they’re going, the Twins aren’t going to want to pick up that option.

The Twins may even want to think about moving Ryan Pressly or Addison Reed into the closer’s role, even if just temporarily. Pressly has been terrific, tossing 13 scoreless innings with 18 strikeouts. Reed has a 2.25 ERA with 12 strikeouts in 12 innings.