Rockies trade catcher Miguel Olivo to Jays for PTBNL

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This comes as a bit of a surprise.

Tracy Ringolsby of FOXSports.com reported Wednesday that the Rockies declined catcher Miguel Olivo’s $2.6 million option for 2011 and that the veteran would enter this offseason as a free agent.  That report was apparently incorrect.

The Denver Post’s Troy Renck just tweeted that Olivo has been traded to the Blue Jays for a player to be named later.  And it has now been confirmed by multiple outlets, including Ringolsby.

Toronto will enter 2011 with a logjam of three catchers — Olivo, Jose Molina and J.P. Arencibia.  John Buck is a free agent and is expected to move on in search of a lucrative multi-year contract.

It seems likely that Olivo will be the starter, Molina will be the backup and the 24-year-old Arencibia will be shipped to Triple-A to start the season.  If the youngster continues to make progress, the Jays can move Olivo for a prospect in July and shuffle the depth chart accordingly.

Dodgers designate Sergio Romo for assignment

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The Dodgers announced on Thursday that the club activated pitcher Grant Dayton from the 10-day disabled list and designated pitcher Sergio Romo for assignment.

Dayton, 29, went on the disabled list earlier this month with neck stiffness. He’ll resume with a 3.63 ERA and a 20/12 K/BB ratio in 22 1/3 innings.

Romo, 34, signed a one-year, $3 million deal with the Dodgers in February. It didn’t really work out, as the right-hander posted a 6.12 ERA with a 31/12 K/BB ratio in 25 innings. His peripherals are still decent, so it wouldn’t be surprising if a team in need of a bullpen arm makes a deal with the Dodgers within the week.

Nate Karns underwent season-ending surgery for thoracic outlet syndrome

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MLB.com’s Jeffrey Flanagan reports that Royals pitcher Nate Karns underwent surgery for thoracic outlet syndrome on Wednesday. He’s expected to be ready for spring training next year. Karns went on the disabled list in May with an elbow injury and didn’t make much progress.

The Royals acquired Karns from the Mariners in January in exchange for outfielder Jarrod Dyson. Over eight starts and one relief appearance, the 29-year-old right-hander compiled a 4.17 ERA and a 51/13 K/BB ratio in 45 1/3 innings.

Karns will enter his first of three years of arbitration eligibility after the season, so he’ll be under the Royals’ control through 2020.