Francisco Rodriguez accepts arbitration from Brewers

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The Brewers offered arbitration to free agent right-hander Francisco Rodriguez last month in order to fetch draft picks when he signed elsewhere.

But the reliever market has been rough since Jonathan Papelbon scored a massive deal from the Phillies and now it appears that Milwaukee will be stuck with a high-priced setup man in 2012.

According to Tom Haudricourt of the Milwaukee Journal-Sentinel, K-Rod will “probably” accept the Brewers’ offer of salary arbitration later tonight.

Rodriguez earned $11.5 million in 2011 and stands to make around $14 million for 2012 through the arbitration process. He posted a strong 2.64 ERA and 79/26 K/BB ratio over 71 2/3 innings this past year, but the low-budget Brewers don’t typically overpay relievers. Perhaps a trade will be coming.

UPDATE: MLB.com’s Adam McCalvy confirms that K-Rod has accepted arbitration.

Cubs sign Drew Smyly to a two-year, $10 million contract

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The Cubs announced on Tuesday evening that the club signed pitcher Drew Smyly to a two-year contract. Ken Rosenthal of The Athletic reports the contract is for $10 million total and allows Smyly to earn another $7 million with performance bonuses. Smyly was non-tendered by the Mariners at the beginning of the month and became a free agent.

Smyly, 28, underwent season-ending Tommy John surgery in late June. He’s expected to miss, at minimum, the first half of the 2018 season. The Cubs are hoping he can contribute to a playoff push in the latter half of the season as well as in 2019.

Smyly didn’t pitch at all in 2017. When he was healthy the season prior, he made 30 starts for the Rays and put up a 4.88 ERA and a 167/49 K/BB ratio in 175 1/3 innings.