Twins “will likely decline” $5 million option on Nick Punto

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Kelly Thesier of MLB.com writes that the Twins “will likely decline” their $5 million team option on Nick Punto for 2011.

Under normal circumstances not paying $5 million for a 33-year-old utility man who hit .238/.313/.302 this season and .247/.321/.322 for his career would be a no-brainer, but these circumstances aren’t normal.

After all, Minnesota has paid him $4 million in each of the past two years and … well, I just can’t see Ron Gardenhire letting his favorite diminutive, banjo-hitting, false-hustling infielder leave the organization without a fight.

Punto’s deal includes a $500,000 buyout of the option and my guess is the Twins will try to negotiate a new deal for around $2 million or so.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.