The Phillies exercise Jimmy Rollins' option for 2011

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It’s early to be doing this, but $8.5 million for Rollins is a really good deal, even if he’s not the player he was a couple of years ago. FanGraphs’ magic-player-value-contraption has him being worth north of $10 million in 2009, and that was probably his worst year since he became a regular, at least with the bat.

He’s likely to be better than that in 2010 and probably 2011 too, and he’s a popular team captain, so why not exercise the option now?