Update: Bidding on Marco Scutaro is up to three-years, $24 million

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Update: Buster Olney is chiming back in, with a source telling him it’s 50-50 that Scutaro returns to the Giants. The source indicated that St. Louis is the most likely alternative for the veteran infielder. Scutaro, of course, was the NLCS MVP when the Giants knocked the Cardinals out of the postseason in October.

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That’s the word from Buster:

Three years for a 37 year-old seems a bit … optimistic. Especially considering how bad the first half of his season was last year. I mean, yes, it’s possible that he found a legit fountain of youth in San Francisco. But it’s also possible that he just got hot for a couple of months and now the Giants are going to overpay and over-commit to him as a result.

Jonny Venters is still pitching

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Lefty reliever Jonny Venters was among a handful of players the Rays signed to minor league contracts, Marc Topkin of the Tampa Bay Times reports.

Venters, 32, hasn’t pitched in the majors since 2012 and has logged just 27 2/3 innings in the minors in the meantime due to a continuous battle with his elbow. According to David O’Brien of the Atlanta Journal-Constitution, Venters has undergone four — four! — Tommy John surgeries.

When he was healthy, Venters was a fearsome late-game option for the Braves. He posted a 1.95 ERA with 93 strikeouts in 83 innings in 2010, and a 1.84 ERA with 96 strikeouts in 88 innings in 2011. His first-half performance in 2011 earned him a spot on the National League All-Star roster.

Venters has spent the last two years in the Rays’ system and he’ll try to make it a third.