Indians, Justin Masterson both receptive to contract extension

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In today’s mailbag column, Paul Hoynes of the Cleveland Plain Dealer writes that both the Indians and starter Justin Masterson appear to be receptive to the idea of a contract extension. Masterson, who turns 29 in March, is eligible for arbitration for the third time and can become a free agent after the 2014 season.

Since joining the Indians’ starting rotation full-time in 2010, Masterson has been equal parts productive and frustrating. In 2010 and ’12, he finished with a 4.70 and 4.93 ERA, respectively; in ’11 and ’13, he finished at 3.21 and 3.45. This past season, he set a career high strikeout rate at 24 percent.

Twins will not pick up Glen Perkins’ 2018 option

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The Twins have informed reliever Glen Perkins they will not pick up his 2018 club option worth $6.5 million, MLB.com’s Rhett Bollinger reports. Instead, he will be paid $700,000 per his buyout clause.

Perkins, 34, has pitched a total of 7 2/3 innings over the last two seasons due to shoulder and biceps injuries. Bollinger adds that the two could come to terms on a minor league deal, but if they can’t reach an agreement, the lefty is likely to retire.

From 2011-15, Perkins emerged as one of the better relievers in baseball, making three All-Star teams. He compiled an aggregate 2.84 ERA with 340 strikeouts and 73 walks across 313 1/3 innings.