Ryan Dempster, Red Sox agree to two-year, $26.5 million deal

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UPDATE: Rosenthal says it’s a two-year, $26.5 million deal, so by turning down the previous two-year offer Dempster gets a little extra cash and the Red Sox still manage to avoid a three-year commitment.

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Yesterday the Red Sox and Ryan Dempster were said to be in serious negotiations and now Ken Rosenthal of FOXSports.com reports that the two sides are “close” to an agreement.

No word yet on the money or years involved, but previous reports had Dempster turning down a two-year, $25 million offer from Boston.

If the Red Sox agree to give him a three-year deal it’s a big risk, as Dempster is 35 years old and got knocked around in his first taste of the American League following a midseason trade to the Rangers. For the most part, though, he’s been a solid No. 2 or No. 3 starter, posting a 3.74 ERA and 911 strikeouts in 997 innings during the past three seasons, including a 3.38 ERA in 173 total innings this year.

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.