Rays and Joel Peralta avoid arbitration with one-year deal

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Joel Peralta has avoided arbitration with the Rays, agreeing to a one-year contract worth $2.175 million.

Tampa Bay picked Peralta up after he was non-tendered by Washington last offseason and the 35-year-old reliever was an excellent low-cost signing, earning just $925,000 while throwing 68 innings with a 2.93 ERA and 61/18 K/BB ratio.

He’ll likely serve as Kyle Farnsworth’s primary setup man again in 2012.

David Price, B.J. Upton, Jeff Niemann, and J.P. Howell are the other arbitration eligible Rays.

Report: Glen Perkins will retire from baseball

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According to MLB.com’s Rhett Bollinger, Twins GM Thad Levine told 1390 Granite City Sports that reliever Glen Perkins will retire.

Perkins, 34, has battled shoulder injuries over the last two years, limiting him to a total of 7 2/3 innings between 2016-17. His decision doesn’t come as much of a surprise given the circumstances. The Twins declined his $6.5 million club option back in October, making him a free agent.

Across parts of 12 seasons, all with the Twins, Perkins compiled a 3.88 ERA with 120 saves and a 504/158 K/BB ratio in 624 1/3 innings. He ranked among baseball’s best closers from 2013-15, racking up 102 of those saves with a 3.08 ERA. The lefty made the American League All-Star team in each of those three seasons.