Jeff Francis’ one-year deal with Rockies worth $1.5 million

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Jerry Crasnick of ESPN.com has the financial details of Jeff Francis’ one-year contract with the Rockies: He gets $1.5 million in guaranteed money, plus another $1.5 million in potential incentives.

Francis worked in the mid-80s with his fastball this year and posted a 5.58 ERA in 113 innings for the Rockies, but did top 6.0 strikeouts per nine innings for the first time since 2007 and has become an extreme strike-thrower with one of MLB’s lowest walk rates.

And of course the Rockies are very familiar with Francis, having drafted him ninth overall in 2002. He played for Colorado from 2004-2010, left for a one-year stint in Kansas City, and then returned this year. Now he’ll slide into the back of the Rockies’ rotation for 2013.

Jonny Venters is back in the majors

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The Rays announced on Wednesday that the club purchased the contract of lefty reliever Jonny Venters from Triple-A Durham. The 33-year-old hasn’t pitched in the majors since 2012 due to a continuous battle with arm injuries. The Rays note that he has undergone two and a half Tommy John surgeries, which is a number that seems to be in dispute.

Venters signed a minor league contract with the Rays in December. With Durham so far this season, he gave up two runs (one earned) on four hits and five walks with six strikeouts in 5 2/3 innings.

Before the injuries, Venters was among the best relievers in 2010-11. In those two seasons, he posted a combined 1.89 ERA with 189 strikeouts and 82 walks in 171 innings.