The Reds are probably stuck with Bronson Arroyo, for better or worse

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The Reds inked Bronson Arroyo to a three-year, $35 million contract extension last week, but it turns out that similar to the contracts recently handed out to Carlos Pena, Paul Konerko and Juan Uribe, it includes some deferred money.

According to Ken Rosenthal of FOXSports.com, Arroyo will earn $6.5 million next season and $7 million in 2012, which is actually a pretty nice bargain for the Reds moving forward. This sets Arroyo up to make $18 million in the final year of his contract in 2013, which sounds insane on the surface, but Rosenthal adds that all but $3 million will be deferred without interest.

And so, even though Arroyo didn’t receive an official no-trade clause, he really doesn’t need one. If he is traded, Rosenthal writes that the deferral would be voided and he will be paid his entire $18 million salary for 2013 upfront. That Cliff Lee fellow might start to look pretty good by comparison. Arroyo probably isn’t going anywhere, anyway, as he gains 10-and-5 rights next season.

Twins will not pick up Glen Perkins’ 2018 option

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The Twins have informed reliever Glen Perkins they will not pick up his 2018 club option worth $6.5 million, MLB.com’s Rhett Bollinger reports. Instead, he will be paid $700,000 per his buyout clause.

Perkins, 34, has pitched a total of 7 2/3 innings over the last two seasons due to shoulder and biceps injuries. Bollinger adds that the two could come to terms on a minor league deal, but if they can’t reach an agreement, the lefty is likely to retire.

From 2011-15, Perkins emerged as one of the better relievers in baseball, making three All-Star teams. He compiled an aggregate 2.84 ERA with 340 strikeouts and 73 walks across 313 1/3 innings.