Tigers exercise $9 million option on closer Jose Valverde

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UPDATE: It’s official.

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Jon Heyman of SI.com reports that the Tigers are expected to exercise their $9 million option on closer Jose Valverde, which is no surprise after he went 49-for-49 converting saves in the regular season.

Valverde didn’t pitch quite as well as the perfect save  percentage would suggest, posting the lowest strikeout rate (8.6 per nine innings) of his career at age 33 while walking 34 batters in 72 innings.

Toss in the abundance of quality veteran relievers on the free agent market this offseason and Valverde may not have gotten a long-term deal at $9 million per season on the open market, but for a one-year commitment that salary is much more palatable.

And while the save percentage may overrate Valverde some he’s still a damn good pitcher, with a 3.02 career ERA and marks of 2.24, 3.00, 2.33, 3.38, and 2.66 during the past five seasons. Detroit also has Papa Grande’s primary setup man, Joaquin Benoit, under contract for $5.5 million in both 2012 and 2013, so the back of the bullpen is locked in and the Tigers have an in-house replacement for Valverde should he walk after next year.

Report: Phillies moving in on a deal with Tommy Hunter

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Update (8:40 PM ET): Joel Sherman of the New York Post reports that Hunter’s contract with the Phillies is for two years.

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There’s been a bit of confusion at the Winter Meetings. First, ESPN’s Buster Olney reported that the Phillies were close to signing free agent reliever Addison Reed. That report was then disputed by Jon Heyman of FanRag Sports. Matt Gelb of the Philadelphia Inquirer then reported that not only do the Phillies not have a deal with Reed, they’re actually moving in on a deal with free agent pitcher Tommy Hunter. Ken Rosenthal of The Athletic backed up Gelb’s report, as did Todd Zolecki of MLB.com.

Hunter, 31, spent the past season with the Rays, posting a 2.61 ERA with a 64/14 K/BB ratio across 58 2/3 innings. The right-hander, a veteran of 10 seasons in the majors, should be a good addition to the Phillies’ bullpen, which also recently added Pat Neshek. Neshek and Hunter will likely work the innings just ahead of closer Hector Neris.

As for Reed, well, who knows.