Francisco Rodriguez takes $3.5 million pay cut to avoid arbitration with Brewers

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Francisco Rodriguez was paid $11.5 million last season and when the Brewers tendered him a contract for 2012 they were risking his possibly being awarded a similar figure in arbitration, but the two sides have avoided a hearing with a one-year, $8 million deal.

That’s still probably more than Milwaukee wanted to pay for a setup man, but Rodriguez was excellent last season with a 2.64 ERA and 79/26 K/BB ratio in 72 innings for the Mets and Brewers.

Had the two sides gone to a hearing Rodriguez likely would have been awarded more than $8 million based on his 2011 salary and track record, but because it would have been a non-guaranteed contract the Brewers also could have cut him in spring training while being on the hook for just a fraction of that money.

At that point the market for closers and veteran setup man would be even more buyer-friendly than it is now, so Rodriguez might have struggled to find another gig for $8 million on short notice. Or at least that’s the only way his accepting $8 million makes sense to me.

Report: Pirates sign Felipe Rivero to four-year contract extension

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Ken Rosenthal of The Athletic reports that the Pirates will sign reliever Felipe Rivero to a four-year contract extension that includes two club options. The total value of the deal is believed to be $22 million and each club option is worth $10 million.

Rivero, 26, did not come to an agreement with the Pirates to avoid arbitration in his first year of eligibility ahead of last Friday’s deadline. He requested a $2.9 million salary for the 2018 season while the Pirates countered at $2.4 million. This extension will cover all four years of Rivero’s arbitration eligibility and the two club options can cover his first two years of free agency as well.

Rivero was one of baseball’s best relievers last season, finishing with 21 saves, a 1.67 ERA, and an 88/20 K/BB ratio in 75 1/3 innings. The Pirates acquired him from the Nationals along with minor leaguer Taylor Hearn ahead of the 2016 non-waiver trade deadline in the Mark Melancon deal.

Presumably, Rivero’s extension was in the works before he knew anything about the Andrew McCutchen trade. He made a couple of tweets following this afternoon’s news. In one, he used only the “facepalm” emoji. The other was a .gif of The Office character Jim Halpert yelling, “What is going on?”