Indians, Justin Masterson table extension talks, now focusing on one-year deal

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According to Paul Hoynes of the Cleveland Plain Dealer, the Indians and right-hander Justin Masterson have put extension talks on hold and are now focusing on a one-year deal in advance of an arbitration hearing on February 20.

Masterson, who is due to hit free agency next offseason, requested $11.8 million and was offered $8.05 million by the Indians when arbitration figures were exchanged earlier this month. Both sides have said that they are open to a multi-year deal, but Hoynes hears that “little, if any” progress has been made. Putting aside the issue of an extension, the $3.75 million gap between Masterson and the Indians is the largest among any unsigned player who filed for arbitration, so they’ll have to make a lot of progress to even avoid a hearing.

Masterson posted a 3.45 ERA and 195/76 K/BB ratio over 193 innings last season. He turns 29 in March, so another solid year would put him in position for a lucrative contract next winter.

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.