Twins finished runner-up in bidding for Hisashi Iwakuma

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Minnesota won the exclusive negotiating rights to Tsuyoshi Nishioka with a $5.3 million bid and eventually signed the Japanese infielder to a three-year, $9.25 million contract, and this afternoon general manager Bill Smith revealed that the Twins also finished runner-up in the bidding for Japanese right-hander Hisashi Iwakuma.

In an interview with Patrick Reusse and Phil Mackey on 1500-ESPN radio, Smith explained that the Twins bid $7.7 million for the negotiating rights to Iwakuma. Oakland blew that number out of the water with their winning $19.1 million bid, but then the A’s were unable to work out a contract with Iwakuma and he returned to Japan angry.

Based on Iwakuma’s reported asking price it seems likely that the Twins also would have balked at his demands, but had the posting fee been $7.7 million instead of $19.1 million it’s possible he would have asked for significantly less money and/or the Twins would have had more room in the total budget for the acquisition to offer him a palatable contract.

Whatever the case, it’ll be interesting to see what happens when Iwakuma is up for bid again next offseason.

Report: Reds sign Ben Revere

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The Reds have signed outfielder Ben Revere to a minor league contract with an invitation to spring training, Jon Heyman of FanRag Sports reports. Revere is expected to take home a salary between $1 million and $1.5 million if he makes the major league roster, Heyman adds.

Revere, 29, spent last season with the Angels. He batted a light .275/.308/.344 in 308 plate appearances. Revere does have some speed as he stole 21 bases last year.

Revere will try to earn a spot on the roster as a backup outfielder. The Reds’ starting spots are spoken for with Adam Duvall, Billy Hamilton, and Scott Schebler.