Bartolo Colon

Athletics re-sign Bartolo Colon to one-year contract

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UPDATE II: Slusser also hears that despite re-signing Colon, the A’s still have interest in bringing back Brandon McCarthy.

UPDATE: Susan Slusser of the San Francisco Chronicle reports that Colon will receive a $3 million base salary and could earn more with incentives.

4:37 PM: Well, here’s a surprise.

According to Jane Lee of MLB.com, the Athletics and Bartolo Colon have reached agreement on a one-year contract. Terms haven’t been disclosed.

Colon joined the A’s on a one-year, $2 million contract in January and posted a solid 3.43 ERA and 91/23 K/BB ratio over 152 2/3 innings prior to being suspended 50 games for testing positive for testosterone in late August. The 39-year-old right-hander still has five games left on the suspension, so he will begin the 2013 season on the restricted list. However, the fallout of the positive test wasn’t enough to scare the Athletics away. Colon is currently pitching with for Aguilas in the Dominican Winter League and recently required stitches after he was hit in the face by a line drive.

The Athletics currently have Colon, Brett Anderson, Jarrod Parker, Tommy Milone and A.J. Griffin lined up for their rotation, so free agent right-hander Brandon McCarthy might not be a fit any longer.

Rangers sign Josh Hamilton to a minor league deal

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The Texas Rangers have signed Josh Hamilton to a minor league contract with an invitation to spring training.

Not at all surprising. The Rangers released Hamilton last August, but that was simply to make some room on the 40-man roster. His season was already toast due to the surgery he underwent to repair lateral and meniscus cartilage in his left knee which had the added bonus of revealing that he had an ACL injury as well, which required reconstruction. At the time of his release both he and the Rangers made noises about him coming back on a minor league deal in 2017.

Hamilton turns 36 in May. The smart money has it that his big league career is over, but Hamilton would be silly to retire given that he is owed $30 million this coming season. That the Angels are paying $26.41 million of that makes it far less painful for the Rangers as well. If he can hit in the spring, hey, let him DH some and pay him low money. If not, no skin off of anyone’s nose. He can request a release on April 1 if he hasn’t made the big league roster.

A-Rod to host a reality show featuring broke ex-athletes

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Alex Rodriguez’s transition into retirement has featured a serious move into the business world. He has gone back to school, worked seriously on investments and has started his own corporation. Yes, he’s set for life after making more money than any baseball player in history, but even if his bank account wasn’t fat, you get the sense that he’d be OK given what we’ve seen of his work ethic and savvy in recent years.

He’s going to be getting another paycheck soon, though. For hosting a reality show featuring athletes who are not in as good a financial shape as A-Rod is:

Interesting. Hopefully, like so many other reality shows featuring the formerly rich and famous, this one is not exploitative. Not gonna hold my breath because that’s what that genre is all about, unfortunately, but here’s hoping A-Rod can help some folks with this.