Rangers to exercise Colby Lewis’ $3.25M option for 2012

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As reported by Gerry Fraley of the Dallas Morning News, the Rangers are fully expected to exercise right-hander Colby Lewis’ $3.25 million club option for 2012 by Monday’s midnight deadline.

Lewis has topped 200 innings in back-to-back seasons, registering a 3.72 ERA and 196 strikeouts in 2010 and a 4.40 ERA with 169 strikeouts in 2011.

If the 32-year-old’s numbers remain as productive in 2012, he’ll be a major bargain at $3.25 million.

Lewis reinvented himself in Japan’s Nippon Professional Baseball league in 2008 and 2009 after fizzling out as a long reliever in the major leagues. He returned to the states in 2010 as a solid mid-rotation starter and could capitalize in free agency next winter if his 2012 season goes smoothly. The righty has a 2.34 ERA in eight career postseason outings.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.