Hisashi Iwakuma Getty

Mariners and Hisashi Iwakuma agree to contract extension

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UPDATE: Jon Heyman of CBSSports.com reports that Iwakuma will get $14 million guaranteed. He’ll make $6.5 million in each of the next two seasons while there’s a $1 million buyout on a $7 million option for 2015.

11:29 PM: Hisashi Iwakuma was hours away from reaching free agency, but the Mariners swooped in at the last minute tonight and signed him to a two-year extension with a club option for 2015. Terms haven’t been disclosed.

As Larry Stone of the Seattle Times points out, there was a sense of urgency to get a deal done today. Per a stipulation in the one-year contract Iwakuma signed last offseason, if he re-signed with the Mariners after Saturday’s deadline, he would be ineligible to play for the club until May 15 of next year.

Iwakuma thrived after getting a chance in the Mariners’ rotation this July, going 9-4 with a 2.65 ERA and a 78/28 K/BB ratio over 95 innings. The 31-year-old right-hander will return to a rotation which is set to include Felix Hernandez and Jason Vargas. Erasmo Ramirez and Blake Beavan are the likely frontrunners for the other two spots.

Brewers sign Neftali Feliz

SEATTLE, WA - JUNE 29: Neftali Feliz #30 of the Pittsburgh Pirates delivers a pitch during the eighth inning of a game against the Seattle Mariners at Safeco Field on June 29, 2016 in Seattle, Washington. The Pirates won the game 8-1. (Photo by Stephen Brashear/Getty Images)
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The Brewers have signed Neftali Feliz to a one-year, $5.35 million contract. There are some performance incentives in the deal that could push it to $6.85 million. Feliz will likely open the 2017 season as the Brewers’ closer.

The 28-year-old righty is coming off of an impressive season with the Pirates. His hits allowed per nine innings were WAY down and his WHIP dipped sharply as well, despite the fact that he walked a few more dudes. That was offset by a big spike in his strikeout rate: from 7.3/9IP in 2015 to 10.2 last year. A blemish: he missed the last month of the season after suffering a bout of arm soreness, though no structural problem was ever uncovered, he’ll likely be good to go next month.

Marlins acquire starter Dan Straily from the Reds

CINCINNATI, OH - SEPTEMBER 3: Dan Straily #58 of the Cincinnati Reds throws a pitch during the first inning of the game against the St. Louis Cardinals at Great American Ball Park on September 3, 2016 in Cincinnati, Ohio. (Photo by John Sommers II/Getty Images)
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The Miami Marlins have acquired starting pitcher Dan Straily from the Cincinnati Reds. In exchange, the Reds will receive right-handed pitching prospects Luis Castillo and Austin Brice and outfield prospect Isaiah White.

For the Marlins, they get a solid starter who logged 191.1 innings of 113 ERA+ ball last year. Straily has moved around a lot in his five big league seasons — the Marlins will be his fifth club in six years — but it was something of a breakout year for him in Cincinnati. The only troubling thing: he tied for the league lead in homers allowed. Of course, pitching half of his games in Great American Ballpark didn’t help that, and Miami will be a better place for him.

Castillo is 24. He split last season between high-A and Double-A — far more of it in A-ball — posting a 2.26 ERA over 24 starts. Austin Brice is also 24. He pitched 15 games in relief for the Marlins last year at the big league level with poor results. He seemed to blossom at Triple-A, however, after the Marlins shifted him to the pen. White was a third round pick in the 2015 draft. He played low-A ball as a minor leaguer last year, hitting .214/.306/.301.

A mixed bag of young talent for the Reds, but stockpiling kids and seeing what shakes out is what a team like the Reds should be doing at the moment. For the Marlins: a solid mid-to-back end starter who may just be coming into his own.