Arbitration offers turned down by 25 out of 27 free agents

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For all the speculation about which Type A and Type B free agents would and wouldn’t accept arbitration offers just two of the 27 eligible players said yes: Frank Francisco of the Rangers and Jason Frasor of the Blue Jays.

I’ve seen some suggestions that the low number of accepted arbitration offers means this offseason is a player’s market, but in reality two out of 27 is a pretty standard acceptance rate. Last offseason three players (Carl Pavano, Rafael Soriano, and Rafael Betancourt) accepted arbitration and the winter before that two players (Darren Oliver and David Weathers) did so.

It’s interesting to note that, of the seven free agents to accept arbitration offers in the past three years, six of them are relievers. I wrote earlier this month about how the free agent compensation system significantly overrates relievers relative to other positions by pegging them as 37 percent of Type A free agents, and certainly six of the past seven arbitration acceptances coming from relievers is more evidence of that.

Free agents accept arbitration when they believe returning to their old team on a one-year contract beats whatever offers they can get on the open market, so clearly relievers’ values are the most likely to be overrated by the Type A and Type B designations. The compensation system is faulty for any number of reasons, but the weight given to relief performances is seemingly one of the more obvious and easy-to-fix problems.

Jonny Venters is still pitching

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Lefty reliever Jonny Venters was among a handful of players the Rays signed to minor league contracts, Marc Topkin of the Tampa Bay Times reports.

Venters, 32, hasn’t pitched in the majors since 2012 and has logged just 27 2/3 innings in the minors in the meantime due to a continuous battle with his elbow. According to David O’Brien of the Atlanta Journal-Constitution, Venters has undergone four — four! — Tommy John surgeries.

When he was healthy, Venters was a fearsome late-game option for the Braves. He posted a 1.95 ERA with 93 strikeouts in 83 innings in 2010, and a 1.84 ERA with 96 strikeouts in 88 innings in 2011. His first-half performance in 2011 earned him a spot on the National League All-Star roster.

Venters has spent the last two years in the Rays’ system and he’ll try to make it a third.