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.

Report: Momentum in talks between Mariners, Jon Jay

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MLB.com’s Mark Feinsand reports that there is some momentum in talks between the Mariners and free agent outfielder Jon Jay.

Jay, 32, hit .296/.374/.375 in 433 plate appearances with the Cubs last season, which is adequate. He’s heralded more for his defense and his ability to play all three outfield spots.

The Mariners are losing center fielder Jarrod Dyson to free agency and likely don’t want to rely on Guillermo Heredia next season, hence the interest in Jay. The free agent class for center fielders is otherwise relatively weak.