Mets decline Johan Santana’s $25 million option

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Johan Santana is officially a free agent, as the Mets declined his $25 million option for 2014 and paid him a $5.5 million buyout.

It was obviously a no-brainer move, as Santana missed the entire season following shoulder surgery and is no sure thing to be ready for the beginning of next year. He’ll likely be looking for an incentive-laden one-year contract on the open market and publicly at least the Mets have indicated they’re interested in re-signing him for a much, much lower price.

Santana last saw action in an MLB game on August 17, 2012. He ended up throwing 717 innings with a 3.18 ERA for the Mets while making $137.5 million.

Reds ink Oliver Perez to a minor-league deal

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The Reds have signed free agent reliever Oliver Perez to a minor-league contract, the team announced Saturday. The deal comes with a major-league invite and could be worth $1.25 million if Perez secures a roster spot this spring, with an additional $500,000 in potential performance bonuses.

Perez, 36, is coming off of a two-year run with the Nationals. He produced a 4.64 ERA, 3.3 BB/9 an d10.6 SO/9 through 50 relief appearances and 33 innings with the club in 2017. The veteran lefty hasn’t kept an ERA under 4.00 in at least four seasons, but he continues to be undeniably solid against left-handed batters, holding them to a .227/.301/.364 batting line over 18 1/3 innings last year.

While returning southpaw Wandy Peralta appears to have locked down a bullpen spot already, Perez will still compete for another role against fellow left-handers Cody Reed and Amir Garrett, both of whom also have experience in the rotation. If Perez doesn’t break camp with the team, MLB.com’s Mark Sheldon notes, he’ll be permitted to opt out of his contract. The Reds are currently looking to bounce back from a dismal performance in 2017, one in which their bullpen ranked 28th among major league teams with a collective 5.63 ERA and -1.2 fWAR.