Enrique Rojas of ESPN Deportes reports that the Blue Jays have signed Octavio Dotel to a one-year, $3.5 million contract with a club option for 2012.
According to Jon Paul Morosi of FOXSports.com, he’ll make $2.75 million in 2011 with either a $3.75 million club option for 2012 or a $750,000 buyout, so he is guaranteed $3.5 million in the deal.
The deal won’t be official until he passes a physical, but assuming he passes, the veteran right-hander will be the in-house favorite to replace free agent Kevin Gregg as the closer in Toronto.
Dotel, who turned 37 in November, posted a 4.08 ERA and 75/32 K/BB ratio over 64 innings with the Pirates, Dodgers and Rockies this past season. He converted 22 of 28 save opportunities.
The Rays have traded right-hander Jake Odorizzi to the Twins, per team announcements on Saturday evening. The Twins will receive minor league shortstop Jermaine Palacios in the deal. Despite previous speculation, recently-DFA’d outfielder Corey Dickerson was not included in the trade.
With Odorizzi, the Twins finally have the front-end starter they’ve been seeking all winter. It’s a bargain deal as well, as the 27-year-old righty is under contract through 2019 and didn’t require the club to part with any of their top-shelf prospects in the trade. Odorizzi will be looking to stage a comeback in 2018 after a dismal performance with the Rays last year, during which he eked out a career-worst 4.14 ERA, 3.8 BB/9 and 8.0 SO/9 through 143 1/3 innings.
Palacios, 21, ranked no. 27 in the Twins’ system last season. He split his year between Single-A Cedar Rapids and High-A Fort Myers, raking a combined .296/.333/.454 with 13 home runs and 20 stolen bases in 539 plate appearances. He’s expected to continue developing at shortstop, though he’s also seen limited time at second and third base during his four-year career in the minors.