Reds, Sean Marshall working on multi-year extension

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FOX Sports’ Jon Paul Morosi reports that the Reds are “making progress” toward a multi-year contract extension with setup man Sean Marshall. Morosi says the deal “could be announced early this week.”

Marshall was acquired via trade this offseason from the Cubs and hasn’t thrown a pitch yet in a major league game for the Reds, but he has a 2.45 ERA over his past 150 1/3 innings and is widely regarded as one of the most reliable relievers in baseball.

Marshall will become a free agent five days after the 2012 World Series if an extension is not completed.

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UPDATE, 12:41 PM: Marshall told the Cincinnati Enquirer‘s John Fay: “We may have something tomorrow.”

Rangers will not exercise Mike Napoli’s 2018 option

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The Rangers have informed 1B/DH Mike Napoli the club will not exercise his 2018 option, worth $11 million, Evan Grant of the Dallas Morning News reports. Instead, the Rangers will pay Napoli $2.5 million to buy him out of his contract, making him a free agent.

Napoli, 35, hit a disappointing .193/.285/.428 with 29 home runs and 66 RBI in 485 plate appearances this past season. Given his age and declining production, it’s not shocking that the Rangers want to look elsewhere.

Napoli turns 36 at the end of the month. Given his age and worsening peripheral stats, he will likely have to settle for a one-year deal this offseason.