Rangers acquire Bengie Molina for Chris Ray and PTBNL

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10:08 PM:  Scott Boeck of USA Today reports that the deal is done, and the Giants will receiver reliever Chris Ray and a player to be named later for the veteran Molina.  Let the Buster Posey era begin.

9:12 PM:  Now Morosi says that the Giants will not be getting either Davis or Saltalamacchia in the deal.  So, uh, scratch that thought.

8:33 PM:  Jon Paul Morosi of FOXSports.com reports that the Giants and Rangers are working toward a deal that would land veteran catcher Bengie Molina in Texas.  According to Morosi’s source, the trade could be finalized within the next 24 hours.

Molina is off to a disappointing start this season in San Francisco with a .257/.312/.332 batting line, three home runs and 17 RBI over 202 at-bats.  His power would be better showcased in the Rangers’ cozy ballpark and moving him would allow the Giants to free up playing time for impressive youngster Buster Posey.

Morosi has been given no indication as to who the Giants might be targeting from Texas, but  first basemen Chris Davis and Jarrod Saltalamacchia have been mentioned as possible trade pieces and either would make sense.

Gallegos agrees to 2-year, $11M contract with Cardinals

Atlanta Braves v St. Louis Cardinals
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ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed to a two-year, $11 million contract, a deal that includes a club option for 2025 and escalators that could make it worth $20.5 million over three seasons.

The 31-year-old right-hander is 3-5 with a 2.91 ERA and 14 saves in 20 chances this season. He has 72 strikeouts and 15 walks in 58 2/3 innings.

“I feel so happy,” Gallegos said before the Cardinals played the Pirates in Pittsburgh. “I don’t have the word for exactly how I’m feeling.”

He was obtained from the Yankees in July 2018 along with left-hander Chasen Shreve in the trade that sent first baseman Luke Voit to New York. Gallegos is 14-15 with a 3.02 ERA and 34 saves in six major league seasons.

Gallegos gets a $500,000 signing bonus and salaries of $4.5 million next year and $5.5 million in 2024. St. Louis has a $6.5 million team option for 2025 with a $500,000 buyout.

His 2025 option price can increase by up to $3.5 million for games finished in 2024: $500,000 each for 20-25 and 26-30 and 31-35, and $1 million apiece for 36-40 and 41 or more.

He would get $250,000 for winning the Rivera/Hoffman reliever of the year award, $50,000 for All-Star selection and World Series MVP and $25,000 for League Championship Series MVP.

Gallegos has a $2.41 million salary this year.

He was eligible for salary arbitration and is potentially eligible for free agency after the 2024 season.