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.
Update #2 (6:21 PM EST): Make that $37.5 million, per Heyman.
Update (6:02 PM EST): The deal is for “around” $37 million with deferrals that lower the present-day value, per Jeff Passan of Yahoo Sports.
Jon Heyman of FanRag Sports reports that free agent 1B/OF Mark Trumbo is close to a deal with the Orioles. He first reported that the two sides were back in touch earlier on Thursday afternoon. According to Ken Rosenthal of FOX Sports, the deal is expected to be for three years and under $40 million.
Trumbo’s market hasn’t developed as he expected. The slugger turned down the Orioles’ $17.2 million qualifying offer back in November. Then the Orioles reportedly made a four-year contract offer to him in December but pulled it off the table. Most recently, a report indicated that Trumbo lowered his expectations to a three-year deal in the $40-50 million range.
Trumbo, 31, led the majors with 47 homers for the Orioles this past season. He also hit a solid .256/.316/.433 with 108 RBI in 667 plate appearances. With Trumbo back in the fold and some slight offensive upgrades made, the Orioles figure to have a formidable offense in 2017.
The Astros avoided arbitration with pitcher Mike Fiers, agreeing on a $3.45 million salary for the 2017 season, per Jake Kaplan of the Houston Chronicle. The right-hander was in his first of three years of arbitration eligibility.
Fiers, 31, made 30 starts and one relief appearance for the Astros in 2016. He finished the year with a 4.48 ERA and a 134/42 K/BB ratio in 168 2/3 innings.
Fiers had a much better showing in 2015 as well as in limited action in 2014, so the Astros are hoping he rediscovers that effectiveness going forward. He’ll slot into the back of the starting rotation.