White Sox sign closer Sergio Santos to three-year deal

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Sergio Santos, who saved 30 games for the White Sox in just his third year since converting from the infield to the mound, was given a three-year, $8.25 million deal on Friday.

It looks like a bargain for the White Sox, who turned to Santos in the ninth after Matt Thornton’s shaky start this season. Santos is still a year away from arbitration, but the deal will take care of his first two arbitration seasons and it includes options through 2017.

Santos will receive $1 million next season, $2.75 million in 2013 and $3.75 million in 2014. The options are for $6 million in 2015, $8 million in 2016 and $8.75 million in 2017. The reliever will get a $750,000 buyout if any of those options are declined.

So, Santos will earn a total of $7.5 million for his third, fourth and fifth years in the big leaguers.  Bobby Jenks, the team’s previous closer, earned $13.5 million over that same timeframe, demonstrating just how much the White Sox stand to save here if Santos remains a quality closer.

And Santos figures to remain a force at the end of games.  He’s still learning how to pitch, but that didn’t stop him from striking out 92 and limiting hitters to a .181 average as a sophomore.

In 115 big-league innings, Santos has a 3.29 ERA and a 148/55 K/BB ratio.

The Indians have expressed an interest in Asdrubal Cabrera

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Jerry Crasnick of ESPN reports that the Indians have expressed interest in Asdrubal Cabrera.

Cabrera, who began his career in Cleveland, would be a utility guy. Which is not exactly the Indians’ greatest need — they need a starting pitcher above all else — but improvement is improvement. Not much improvement in Cabrera’s case as he’s hitting .250/.333/.398 with nine homers in 70 games this season, but that’s useful if he’s cool with a strictly utility role. Which he’d have to be given that the Indians are solid at second, third and short.

Cabrera would come pretty cheaply of course. Partially because he’s not major piece, partially because he sort of hilariously demanded a trade last month. In large part because he wants to play shortstop which, now that I think about it, may complicate this whole “Cabrera for a utility role” idea the Indians seem to have.

The Rangers are shopping Yu Darvish

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Jeff Passan of Yahoo reports that the Rangers “have started reaching out to teams potentially interested in acquiring” Yu Darvish.

Texas is only 4.5 games out of the second Wild Card slot, but there are five teams ahead of them and they’ve really never had any traction this year. Such is not the stuff on which a team bases an all-in playoff run. Darvish, meanwhile, is in his walk year, so the Rangers have some incentive to get value for him. Passan says the Astros, Brewers, Yankees, Indians, Rockies and Dodgers could have interest in him, but really, he’d improve any contender.

Darvish is 6-8 with a 3.45 ERA and 131 strikeouts and 42 walks in 125.1 innings.