Indians and Michael Bourn agree to a four-year, $48 million contract

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After seeing the market for his services dwindle for nearly the entire offseason, Michael Bourn has finally found a home.

According to Jon Heyman of CBS Sports, Bourn has agreed to a contract with the Indians. The deal is worth $48 million over four years and includes a vesting option for a fifth year which could push the total to $60 million.

Bourn originally hoped to land a deal north of the five-year, $75.25 million contract B.J. Upton signed with the Braves, so this looks like a relative bargain in comparison. Still, Scott Boras deserves credit for getting a pretty good deal for his client given the circumstances. While the Mets were reluctant to give up their first-round pick (11th overall) and draft pool money to sign Bourn, Cleveland’s first-round pick is protected. The Indians forfeited their second-round pick to sign Nick Swisher, so Jim Callis of Baseball America hears that they’ll give up their competitive balance pick (No. 69 overall) to bring Bourn into the fold.

The Indians were mentioned as a possibility for Bourn as recently as last week, so this doesn’t come completely out of nowhere. However, it seemed like a long shot at the time given that Swisher, Michael Brantley and Drew Stubbs were already in-house for the outfield. It’s a pretty good bet that Bourn, Swisher and Brantley will be in the lineup on most days, though Swisher and Mark Reynolds could alternate between first base/DH duties, opening up a spot for the speedy Stubbs in right. The Indians could also explore trades involving Stubbs. All in all, it’s a pretty nice problem to have. I don’t think the Indians have enough pitching to threaten the Tigers in the AL Central, but it looks like Terry Francona’s first year as skipper will be an interesting one.

UPDATE: According to Joel Sherman of the New York Post, the Mets also made a four-year, $48 million offer to Bourn. However, they were informed that it would take an arbitrator two to three weeks to decide whether they would be able to keep their first-round pick. And with spring training approaching, Bourn just wasn’t willing to wait that long, so he took the Indians’ deal.

Tigers release Francisco Rodriguez

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Tigers’ right-handed reliever Francisco Rodriguez was released on Friday, per a team announcement. The club recalled fellow right-hander Bruce Rondon from Triple-A Toledo in a corresponding move.

The former closer got the boot after losing his closing role in early May, giving left-hander Justin Wilson a chance to impress at the back end of the bullpen. It’s been a rough year for Rodriguez, who manufactured six blown saves and a 7.82 ERA, 3.9 BB/9 and 8.2 SO/9 over 25 1/3 innings for the Tigers. The final straw, it seemed, came with Robinson Cano‘s grand slam in the seventh inning of the Tigers’ 6-9 loss to the Mariners on Thursday.

While the demotion to a clean-up role and an apparent lack of communication caused Rodriguez considerable frustration, he’s two years removed from his last dominant performance as a major league closer and has shown few signs of returning to form. His recent slump doesn’t diminish the impressive totals he’s racked up over his 16-year career — 437 saves and six All-Star nominations among them — but if he can’t break out of it soon, he may not receive the kind of high leverage role he’s seeking with another big league team, either.

The Red Sox sign Jhonny Peralta

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The Red Sox have signed third baseman Jhonny Peralta to a minor-league deal. He’ll report to Pawtucket.

Peralta, 35, hit a paltry .204/.259/.204 in 58 plate appearances for the Cardinals this year. But with Pablo Sandoval on the disabled list — and ineffective when he hasn’t been — the Sox could use some infield depth.

This is the second former Tiger that former Tigers GM Dave Dombrowski has picked up today, after signing Doug Fister. No word if he’s kicking the tires on Andy Dirks or Brennan Boesch.