Rockies exercise $2.5 million option on Miguel Olivo for 2011

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Miguel Olivo followed up a big first half by hitting .193 after the All-Star break, but finished with a solid .269/.315/.449 line in 112 games overall and will be back in Colorado next season after the Rockies’ exercised their $2.5 million team option for 2011.
Olivo either figures to split time behind the plate with Chris Iannetta again or take on the bulk of the starts if the Rockies end up taking Iannetta out of the doghouse long enough to trade him, but either way $2.5 million is a reasonable enough salary.
Olivo does a nice job shutting down the running game and has good power for a catcher, smacking 14 homers in 394 at-bats this season and an average of 20 homers per 500 at-bats for his career, but horrendous plate discipline keeps him from actually being a major asset offensively. He struck out 117 times while drawing a grand total of just 22 non-intentional walks this year, and was even worse in the previous two seasons with K/BB ratios of 126/19 and 123/14.
UPDATE: Not so fast, my friend: Colorado’s team option on Olivo actually became a mutual option because he played more than 110 games this season, which means he still has the ability to become a free agent even after they exercise their half of the deal.

Mets claim Sam Coonrod off waivers from Phillies

Mark J. Rebilas-USA TODAY Sports
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NEW YORK — The active New York Mets added another newcomer to their bullpen mix when they claimed reliever Sam Coonrod off waivers from the NL East rival Philadelphia Phillies.

Coonrod had a 7.82 ERA in 12 appearances covering 12 2/3 innings last year for the National League champions. The right-hander is 7-5 with a 5.27 ERA and five saves in 105 games over four major league seasons with San Francisco and Philadelphia. He has struck out 95 and walked 44 in 97 1/3 innings.

The 30-year-old Coonrod was designated for assignment by the Phillies last week when they signed free agent infielder Josh Harrison.

To make room on the 40-man roster, outfielder Khalil Lee was designated for assignment by the Mets.