Orioles have a multi-year deal on the table with Grant Balfour

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MLB.com’s Britt Ghiroli confirmed a report that the Orioles have put a multi-year contract offer on the table with free agent closer Grant Balfour. Eduardo Encina of the Baltimore Sun reports that a team has offered him a third-year vesting option, but it’s not the Orioles. He also adds that the right-hander has a two-year offer from three different teams.

Relievers have started to fall off the board, so teams are starting to get their ducks in a row. Along with the Orioles’ interest in Balfour, the Padres and Indians are showing a great deal of interest in Joaquin Benoit, according to ESPN’s Buster Olney. Once Balfour and Benoit are spoken for, Fernando Rodney may be the next-best thing left among relief pitchers. Those making up the remainder have some kind of blemish, be it inconsistency, age, or an injury history.

Balfour spent the last three seasons with the Athletics, racking up 64 saves and a 2.53 ERA in 199.1 innings of work. He will turn 36 years old on December 30.

Mike Napoli and Rays have “mutual interest” in a deal

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Marc Topkin of the Tampa Bay Times unloaded a lot of interesting news items about the Rays last night, including a report that the Rays might have “mutual interest” in a deal with free agent first baseman/DH Mike Napoli. The Rangers declined Napoli’s $11 million option earlier this month and owe the veteran infielder a $2.5 million buyout.

Napoli, 36, had a strange year in Texas. He turned in 29 home runs, good for 11th-most among AL hitters, but finished the year batting just .193/.285/.428 over 485 plate appearances. According to FanGraphs, his -0.5 fWAR was the worst mark of his career to date, but on the bright side, he should come cheap for a team looking to swap out their veterans come spring.

Of course, the specifics of the Rays’ offseason plan have yet to be divulged — or, by all accounts from Topkin, even decided on. The club could go the refurbishment route, changing out some of their higher-paid veterans for a mix of prospects and cheaper aging players; or they could opt for a full rebuild, which Topkin cautions against as it could have a negative effect on the financing of a new ballpark. Either way, the Rays figure to offload some of their bigger contracts this winter, and will need to decide if they want to retain Alex Colome, Chris Archer, Wilson Ramos, Evan Longoria and others before pursuing any other major free agents.