Diamondbacks designate Trevor Cahill for assignment with $17 million left on contract

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The Diamondbacks moved right-hander Trevor Cahill to the bullpen back in April and now they are prepared to eat the roughly $17 million remaining on his contract, as the team announced this evening that he has been designated for assignment to make room for J.J. Putz’s return from the disabled list.

Cahill was acquired from the Athletics in December of 2011 for Jarrod Parker, Ryan Cook, and Collin Cowgill. The 26-year-old posted a 3.87 ERA in 57 starts and one relief appearance over his first two seasons in Arizona, but he was banished to the bullpen in April after just four ugly starts. He has posted a 3.04 ERA and 27 strikeouts in 23 2/3 innings as a reliever, but that apparently wasn’t good enough to justify a roster spot.

Cahill signed a five-year, $30.5 million extension with the A’s back in April of 2011, so he’s still owed the remainder of his $7.7 million salary for this season, $12 million for 2015, and buyouts for team options for 2016 and 2017. It will be interesting to see if a team tries to work out a trade, likely with Arizona picking up a large portion of the contract.

UPDATE: According to Steve Gilbert of MLB.com, Cahill indicated that he’s open to accepting a minor league rehab assignment with the Diamondbacks.

Report: Glen Perkins will retire from baseball

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According to MLB.com’s Rhett Bollinger, Twins GM Thad Levine told 1390 Granite City Sports that reliever Glen Perkins will retire.

Perkins, 34, has battled shoulder injuries over the last two years, limiting him to a total of 7 2/3 innings between 2016-17. His decision doesn’t come as much of a surprise given the circumstances. The Twins declined his $6.5 million club option back in October, making him a free agent.

Across parts of 12 seasons, all with the Twins, Perkins compiled a 3.88 ERA with 120 saves and a 504/158 K/BB ratio in 624 1/3 innings. He ranked among baseball’s best closers from 2013-15, racking up 102 of those saves with a 3.08 ERA. The lefty made the American League All-Star team in each of those three seasons.