Joakim Soria agrees to two-year contract with Rangers

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Joakim Soria, who had his $8 million option declined by the Royals, has agreed to a two-year deal with the Rangers, according to Ken Rosenthal of FOXSports.com.

Soria missed all of 2012 following Tommy John elbow surgery, but was among the elite closers in baseball from 2007-2011, saving 160 games with a 2.40 ERA in 315 innings.

Presumably in Texas he’d act as a setup man for Joe Nathan, who himself was signed by the Rangers one season after coming back from Tommy John elbow surgery that cost him all of 2010.

Nathan saved 37 games with a 2.80 ERA and 78/13 K/BB ratio in 64 innings for the Rangers this year, so if Soria is healthy Texas’ late-inning bullpen could be scary. Soria would replace free agent Mike Adams as Nathan’s primary setup man.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.