Phillies sign Jose Contreras to two-year, $5.5 million extension

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Jose Contreras and the Phillies have finalized the two-year contract extension that was reported over the weekend. He’ll get $5.5 million for two seasons and according to Todd Zolecki of MLB.com the Phillies also have a team option for 2013.

Based on his 2010 performance alone Contreras is certainly worth the investment, as he thrived in his first full season as a reliever by going 6-4 with a 3.34 ERA and 57/16 K/BB ratio in 57 innings. However, he seemed to wear down somewhat in the second half and turns 39 years old next month.

Any multi-year commitment to a 39-year-old pitcher is a huge risk and the presence of a third-year team option is sort of amusing. What are the chances of the Phillies wanting to exercise their option on a 41-year-old Contreras come 2013?

Kenley Jansen’s consecutive saves streak ends at 34

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Dodgers closer Kenley Jansen gave up three runs in the top of the ninth inning during Sunday’s game against the Braves, blowing his first save since August 26 last season. He had converted 34 consecutive saves.

Jansen yielded back-to-back singles to lead off the ninth inning, staked to a 4-1 lead. After getting two outs, Matt Adams hit a three-run home run down the right field line to knot the game at four apiece.

After Sunday’s lackluster performance, Jansen is now 24-for-25 in save chances this season with a 1.49 ERA and a 62/2 K/BB ratio in 42 1/3 innings.

Zach Britton sets American League record with 55th consecutive save

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Orioles closer Zach Britton finished Sunday’s 9-7 victory over the Astros with a scoreless ninth inning, earning his sixth save of the season. He has now earned the save in 55 consecutive opportunities dating back to September 2015, setting a new American League record. Tom Gordon previously held the record with 54 consecutive saves. Eric Gagne holds the major league record at 84.

Britton’s last blown save came on September 20, 2015, then converted two more saves before the end of the regular season. He went 47-for-47 in save chances last season and is six-for-six so far this year.

Along with his six saves, Britton has a 2.65 ERA and a 13/8 K/BB ratio in 17 innings this season. The lefty came off the disabled list earlier this month after missing two months with a strained left forearm.