Twins ink Glen Perkins to three-year, $10.3 million extension

2 Comments

Minnesota and reliever Glen Perkins have agreed to a three-year, $10.3 million contract extension that includes a team option for 2016.

Perkins, who avoided arbitration with a one-year, $1.55 million deal this season, was under team control via arbitration again for 2013 and then would have been a free agent.

By signing him the Twins pre-pay for that final arbitration season and buy out his first two seasons of free agency while giving themselves an option for his third free agent year. It’s a sizable commitment to a 29-year-old pitcher with a 4.41 career ERA and just one season of experience as a reliever, but Perkins added several miles per hour to his fastball in 2011 and logged 62 innings with a 2.48 ERA and 65/21 K/BB ratio.

He’s slated to be Minnesota’s setup man this season, but the extension makes it possible for the Twins to eventually slide Perkins into the closer role without worrying about how racking up saves would have caused his arbitration figure to rise dramatically. Instead he’ll be paid like a setup man through 2015 or 2016, although Joe Christensen of the Minneapolis Star Tribune reports that the extension does include incentives for games finished that would up his salary if he indeed becomes a closer.

Last week another left-handed setup man, Sean Marshall, agreed to a three-year extension with the Reds worth $16.5 million, but he has a longer track record of bullpen excellence than Perkins, was making twice as much in 2011 via arbitration, and was also one season closer to free agency.

UPDATE: Christensen has the year-by-year breakdown. Perkins gets $2.5 million in 2013, $3.75 million in both 2014 and 2015, and the 2016 option is $4.5 million or a $300,000 buyout.

Mets, Orioles have discussed a Matt Harvey trade

Getty Images
6 Comments

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.