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Done deal: Cubs acquire Wade Davis, send Jorge Soler to the Royals

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It was rumored to be close last night but now it’s a done deal: the Cubs have acquired closer¬†Wade Davis from the Royals in exchage for Jorge Soler. It’s a straight-up deal, with no other players involved.

Davis has been one of the most dominant relievers in baseball over the past three seasons, posting a 1.18 ERA with 47 saves and a 234/59 K/BB ratio in 182.2 innings. He did, however, miss a lot of time in 2016 — basically the month of August — due to arm trouble and expecting him to be the circa 2014 Wade Davis is probably unrealistic. He’s owed $10 million for 2017 and can become a free agent after the 2017 season. He’ll fill the void left by the departing Aroldis Chapman as Joe Maddon and the World Series champs’ closer.

Soler, who will be 25 when the 2017 season begins, hit .238/.333/.436 with 12 homers and 36 RBI in 86 games last season. He strikes out a lot but takes walks t00 and has shown some good power in short bursts. He’s the sort of player who one could easilsy see putting things together to become a solid regular, which makes him a decent return for giving up a closer in his walk year.

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.