Rockies, Matt Lindstrom avoid arbitration with two-year deal

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After acquiring Matt Lindstrom from the Astros last month the Rockies have avoided arbitration with the right-hander by signing him to a two-year deal with a team option for 2013.

The contract buys out Lindstrom’s final two seasons of arbitration eligibility while giving the Rockies an option on his first year of free agency. Troy Renck of the Denver Post reports that he’ll get $2.8 million in 2011 and $3.6 million in 2012, with a $4 million option or $200,000 buyout for 2013.

Lindstrom has averaged 96.3 miles per hour with his fastball during the past three seasons, which ranks third in baseball, but Brandon Lyon overtook him for the closer job in Houston last year and he has a mediocre 4.00 career ERA with 7.5 strikeouts per nine innings.

He’ll serve as one of Huston Street’s setup men in Colorado.

Report: Blue Jays sign Curtis Granderson to one-year, $5 million deal

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Ken Rosenthal of The Athletic reported on Monday night that the Blue Jays have signed outfielder Curtis Granderson to a one-year, $5 million deal. The contract is pending a physical and includes performance incentives.

Granderson, who turns 37 years old in March, spent last season with the Mets and Dodgers, batting an aggregate .212/.323/.452 with 26 home runs and 64 RBI in 527 plate appearances. He struggled offensively after going to the Dodgers, mustering a paltry .654 OPS. He went 1-for-15 in the playoffs as well.

The Blue Jays will likely platoon Granderson in the corner outfield. His career OPS is 158 points higher versus right-handed pitchers than against left-handers.