John Lackey intends to honor contract and pitch at major league minimum salary in 2015

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The Cardinals acquired right-hander John Lackey from the Red Sox yesterday in exchange for outfielder/first baseman Allen Craig and right-hander Joe Kelly. While they paid a premium in order to land him, it’s impossible to look at this deal without taking Lackey’s contract into account.

When the Red Sox signed Lackey to a five-year, $82.5 million contract in December of 2009, they put a clause into the deal which specified that a club option for 2015 at the major league minimum salary ($500,000) would be added if he missed significant time with an elbow injury. That option was triggered after he underwent Tommy John surgery in 2011.

There’s been some speculation that Lackey would retire rather than play at the major league minimum next year or perhaps try to negotiate his deal, but he told reporters upon his arrival in St. Louis today that he intends to honor his contract.

Since his return from Tommy John surgery, Lackey has posted a 3.55 ERA over 50 starts while averaging 7.6 K/9 and 2.0 BB/9. Now you can see why the Cardinals paid a big price with Craig and Kelly. Not only did they acquire a good pitcher, they got a tremendous value.

Report: Phillies moving in on a deal with Tommy Hunter

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Update (8:40 PM ET): Joel Sherman of the New York Post reports that Hunter’s contract with the Phillies is for two years.

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There’s been a bit of confusion at the Winter Meetings. First, ESPN’s Buster Olney reported that the Phillies were close to signing free agent reliever Addison Reed. That report was then disputed by Jon Heyman of FanRag Sports. Matt Gelb of the Philadelphia Inquirer then reported that not only do the Phillies not have a deal with Reed, they’re actually moving in on a deal with free agent pitcher Tommy Hunter. Ken Rosenthal of The Athletic backed up Gelb’s report, as did Todd Zolecki of MLB.com.

Hunter, 31, spent the past season with the Rays, posting a 2.61 ERA with a 64/14 K/BB ratio across 58 2/3 innings. The right-hander, a veteran of 10 seasons in the majors, should be a good addition to the Phillies’ bullpen, which also recently added Pat Neshek. Neshek and Hunter will likely work the innings just ahead of closer Hector Neris.

As for Reed, well, who knows.