Last night the Blue Jays traded a player to be named later to the Rockies for catcher Miguel Olivo, and then less than two hours later they made Olivo a free agent by declining his $2.5 million option for 2011.
That may sound crazy considering Toronto had to pay Olivo a $500,000 buyout, but as Jordan Bastian of MLB.com explains it was actually a pretty shrewd move by general manager Alex Anthopoulos.
Olivo is a Type B free agent, which means the Blue Jays are now in line to receive a compensatory draft pick if he declines their offer of arbitration and signs elsewhere. Assuming that happens, they basically just bought a draft pick between the first and second rounds for $500,000 and a PTBNL.
Free agent right-hander Trevor Cahill reportedly has a one-year deal in place with the Athletics, according to MLB.com’s Jane Lee. The exact terms have yet to be disclosed, and as the agreement is still pending a physical, it has not been formally announced by the club.
Cahill, 30, is coming off of a decent, albeit underwhelming year with the Padres and Royals. He kicked off the 2017 season with a 4-3 record in 11 starts for the Padres, then split his time between the rotation and bullpen after a midseason trade to the Royals. By the end of the year, the righty led the league with 16 wild pitches and had racked up a 4.93 ERA, 4.8 BB/9 and 9.3 SO/9 in 84 innings for the two teams.
The A’s found themselves in desperate need of rotation depth this week after Jharel Cotton announced he’d miss the 2018 season to undergo Tommy John surgery. Right now, the team is considering some combination of Andrew Triggs, Daniel Gossett, Daniel Mengden and Paul Blackburn for the back end of the rotation — a mix that seems unlikely to change in the last two weeks before Opening Day, as Lee points out that Cahill won’t be ready to shoulder a full workload by then. Instead, he’s expected to begin the year in the bullpen and work his way up to a starting role, where the A’s hope he’ll replicate the All-Star numbers he produced with them back in 2010.