Trader in the 30-year bond options pit signals an order in front of a trading board at the Chicago Board of Trade

Options deadline passes as teams look ahead to 2011

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It’s now past midnight in the east and the deadline for teams to either exercise or decline options on players has passed.  There weren’t a ton of surprises — if any — but it’s worth reviewing some of the bigger names that were involved in the early offseason decisions.

The Cardinals got an easy call out of the way immediately after their regular season ended, exercising a bargain $16.5 million on Albert Pujols for 2011.  Baseball’s best hitter doesn’t have a contract lined up for 2012 and the Cards are expected to be busy on that front this winter.  El Hombre told reporters in the Dominican Republic Thursday that he’s hoping for an extension by the start of next season.

Mark Ellis will be back in Oakland for another year.  The A’s picked up his $6 million option and will start him at second base again in 2011.  He was superb defensively this year with decent production at the plate.

The Red Sox convinced designated hitter David Ortiz that he was lucky to have a $12.5 million option given his age, lack of defensive versatility and soon-to-be diminishing performance at the plate.  He was hoping for a two-year extension, or perhaps something more, but the Sox exercised the option and will play it year-to-year with the 34-year-old slugger.

Vladimir Guerrero had a highly productive year for the American League champion Rangers, registering an .841 OPS, 29 homers and 115 RBI, but he wasn’t deemed worthy of a $9 million salary.  He is no longer capable of playing the outfield and fell off a bit in the second half.  His option was declined for 2011 and he will enter the offseason as a free agent.  The Rangers are probably going to try to bring him back for less.

Jose Reyes didn’t have the most productive 2010 campaign, but his $11 million option was picked up in an easy move for new Mets GM Sandy Alderson.  Reyes, 27, had a .773 OPS in the half last season and is capable of riding that momentum into an even more productive 2011.

Adrian Beltre, 31, had control of his own destiny this fall and has decided to test the free-agent waters after posting a stellar .321 batting average, .919 OPS and 28 home runs over 589 at-bats in 2010.  He could have exercised his $11 million player option and stayed in Boston, but he’s hoping for a multi-year deal and is certain to find it.

Cubs third baseman Aramis Ramirez also had a player option, but he didn’t have the kind of season that Beltre had and wisely opted for a $14.6 million salary in 2011.  He’s inury prone, finished with an on-base percentage under .300 this year, and wouldn’t have touched that kind of cash as a free agent.

Bronson Arroyo was the ace of the Reds’ tremendous pitching staff this year with a 17-10 record, 3.88 ERA and 1.15 WHIP over 33 starts.  He is seeking a long-term deal and the Redlegs are going to consider it.  But it only made sense for the club to pick up his $11 million option first.  And they did.

The market this winter looks to be thin — really thin — and most players seeking contracts should find them.  Cliff Lee will be the offseason’s biggest winner and Carl Crawford and Jayson Werth should be close seconds.  We here at Hardball Talk will be tracking it all.

Jose Bautista and the Blue Jays nearing a two-year, $35-40 million deal

Toronto Blue Jays Jose Bautista flips his bat after hitting a three-run homer during seventh inning game 5 American League Division Series baseball action in Toronto on Wednesday, Oct. 14, 2015. (Nathan Denette/The Canadian Press via AP) MANDATORY CREDIT
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It was first reported that the Blue Jays and Jose Bautista were close to a deal last night. Now Ken Rosenthal reports that the deal is near completion. It will likely a two-year contract in the $35-40 million range.

Bautista had a tough 2016, hitting .234/.366/.452 with 22 home runs and 69 RBI, and some clubs likely considered a long-term deal for the 36-year-old too risky, this leading to the relative lack of reported interest in Bautista by other clubs. But back-to-back ALCS appearances by the Jays and the success and popularity Bautista has experienced in Toronto make his re-signing there a pretty sensible move for all involved.

The Jays, who already lost Edwin Encarnacion to free agency, get their slugger back on a short term deal. Unlike anyone else, they don’t have to give up the draft pick attached to him via the qualifying offer. Bautista, in turn, will make, on average, more than he would’ve made on the qualifying offer if he would’ve accepted it and a raise over the $14 million he made in 2016.

Padres sign Trevor Cahill

Chicago Cubs relief pitcher Trevor Cahill (53) during the seventh inning of Game 3 in baseball's National League Division Series against the St. Louis Cardinals, Monday, Oct. 12, 2015, in Chicago. (AP Photo/Paul Beaty)
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The Padres have signed Trevor Cahill to a one-year, $1.75 million contract.

As recently as the middle of the 2015 season it looked like Cahill’s career would meet a premature end, but after being released by the Braves and signing with the Cubs in August of that season he has been a remarkably effective reliever. He has posted a 2.61 ERA in 61 games in Chicago and has posted a strikeout rate far above his career norms.

He’s not someone you necessarily want taking the hill when the leverage is high, but in San Diego the leverage won’t be all that high all that often.