Most teams will have a hard cap of $4.75 million to spend on international signings

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Ben Badler of Baseball America reports the breakdown of the international signing limits each team is subject to under the new Collective Bargaining Agreement. As you’ll recall, for the first time, teams are subject to a hard cap on the amount they can spend on such players.

While most reports of the new rules for international free agents talked about the cap as being “between $5-6 million,” in reality, the majority of teams will be subject to a cap of $4.75 million. Indeed, 16 of baseball’s 30 teams are limited to that number. Six others will have up to $5.25 million to spend and eight will have up to $5.75 million.

Only signings of players aged 25 and over who have six years or more of professional experience in, say, Japan or in Cuba, are exempt from the cap.

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.