UPDATE: Twins, Matt Capps come to terms on one-year, $4.75 million deal

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9:10 p.m. EST update: Capps will earn $4.5 million in 2012, according to ESPN 1500’s Darren Wolfson. The option is worth $6 million and includes a $250,000 buyout.

6:55 p.m. EST update: Capps and the Twins have a deal for one year with an option for 2013, Danny Knobler of CBS Sports reports.

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Matt Capps will likely re-sign with the Twins, a source tells Steve Popper of the Bergen Record.

While no one else is confirming the news, it could be telling that the Red Sox are now out of the hunt for Capps, according to Scott Lauber of the Boston Herald.

A Capps-Twins reunion seemed highly unlikely a few months ago, what with Capps routinely getting booed off the mound on his way to blowing nine saves during a rough 2011 season. He did pitch somewhat better late in the year as a setup man for Joe Nathan, but he was never dominant at any point. More discouraging than his 4.25 ERA was the fact that he fanned just 34 batters in 65 2/3 innings. He struck out 59 in 73 innings for Washington and Minnesota in 2010.

Capps, though, is a better fit in Target Field than he would be most anywhere else. He gives up a lot of long flyballs, but most of those turn into outs in Minnesota and he hardly ever walks anyone. It’d still probably make more sense for the Twins to take the draft pick they’d get with his departure and go sign Octavio Dotel instead, but Capps probably will pitch somewhat better in 2012.

Mets, Orioles have discussed a Matt Harvey trade

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Ken Rosenthal of The Athletic reports that the Orioles and Mets have discussed a trade for Matt Harvey.

Rosenthal says the discussions have involved a reliever going back to New York and observes that that Harvey and Brad Brach are projected for similar salaries in their final arbitration years which could make a financial match.

There have been a handful of Harvey rumors over the past couple of days, with a report coming out yesterday that the Mets have spoken with at least two teams about their fallen ace. Jon Heyman said today that the Rangers may have been one of those teams. Maybe the Orioles are the second or, perhaps, the third?

All if this has to be pretty deflating if you’re a Mets fan, given the promise and dominance Harvey showed before injuries waylaid him the past two seasons. Harvey is still just 28 but he made only 18 starts and one relief appearance last year, posting a 6.70 ERA with a 67/47 K/BB ratio in 92.2 innings.

If the Mets can’t find a trade partner this winter, they’ll clearly hope for him to rebound at least a little bit in 2018, allowing him to regain some trade value.