The Angels sign Scott Downs to a three-year, $15 million contract

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UPDATE: Ken Rosenthal of FOXSports.com confirms it. The Angels have signed Downs to a three-year, $15 million contract. He could earn an additional $1 million based on games finished.

Downs, who turns 35 in March, posted a 2.64 ERA and 48/14 K/BB ratio over 61 1/3 innings this past season. The southpaw has a 2.36 ERA over 262 appearances since the beginning of the 2007 season.

Updating my previous entry, the Angels’ first-round pick (#14 overall) is protected in next year’s draft, so signing Downs (a Type A free agent) would cost them their second-round pick. If they signed Adrian Beltre — who has a higher Elias ranking — that pick would go to the Red Sox and the Blue Jays would receive the Angels’ third-round pick.

This isn’t exactly sticking it to the Red Sox for losing out on Crawford, but it’s obviously a little better than I originally thought. That being said, you would think this would have to take them out of the market for Rafael Soriano, right?

6:15 PM: Unless some “sick fake person” took over Peter Gammons’ Twitter account, it appears that the Angels may be close to signing Scott Downs to a three-year, $15 million contract.

That leaves me with this question. If signing Hisanori Takahashi to a two-year, $8 million contract was a “splash,” as Angels general manager Tony Regains described it the other day, would it be fair to classify Scott Downs as a tsunami?

Twins sign Fernando Rodney

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Craig Mish of Sirius XM reports that the Twins have signed Fernando Rodney to a one-year, $4.5 million contract.

Rodney, who will turn 41 before he season begins, went 5-4 with a 4.23 ERA and converted 39 of 45 save chances last season with the Diamondbacks. For his career he’s sitting on an even 300 saves over the course of 15 big league seasons in which he’s played for eight different teams, four of which lasted a single season or less.

The Twins make number nine.