A’s options: Stephen Drew declined, Grant Balfour exercised

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Oakland has exercised its 2013 option on Grant Balfour, bringing the right-hander back for $4.5 million after he emerged as the team’s closer this season, but the A’s have declined their half of Stephen Drew’s mutual option for $10 million.

That makes Drew a free agent, although it’s possible the A’s could try to re-sign him in what is a pretty weak year for available shortstops. Drew hit .250 with five homers and a .707 OPS in 39 games for the A’s after struggling for the Diamondbacks. He gets a $1.35 million buyout.

Balfour had never saved more than four games in a season previously, but emerged as the A’s closer at age 34 and converted 24 saves with a 2.53 ERA in 75 innings. Combined during the past five seasons Balfour has a 2.78 ERA in 318 innings, striking out 9.6 batters per nine frames while holding opponents to a .191 batting average.

Report: Momentum in talks between Mariners, Jon Jay

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MLB.com’s Mark Feinsand reports that there is some momentum in talks between the Mariners and free agent outfielder Jon Jay.

Jay, 32, hit .296/.374/.375 in 433 plate appearances with the Cubs last season, which is adequate. He’s heralded more for his defense and his ability to play all three outfield spots.

The Mariners are losing center fielder Jarrod Dyson to free agency and likely don’t want to rely on Guillermo Heredia next season, hence the interest in Jay. The free agent class for center fielders is otherwise relatively weak.