Aramis Ramirez exercises $14.6 million option for 2011

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For a brief moment Aramis Ramirez dropped some hints about possibly declining his $14.6 million player option for 2011, but presumably his agent (or really anyone with a functional brain) took him aside and said something like, “Uh, you just had your worst season since 2002, maybe take the money.”

Ramirez made it official today, exercising the $14.6 million option for 2011 while also forcing the Cubs to either pay him $16 million or a $2 million buyout in 2012. In other words, by exercising his option Ramirez guarantees himself another $16.6 million and also delays free agency by a year to potentially recoup some of the value he’s lost.

He’s obviously never going to get another contract like the five-year, $75 million deal the Cubs gave him in November of 2006, but if Ramirez returns to his pre-2010 levels he’s definitely capable of securing a multi-year deal for a ton of money next winter. In his first six full seasons in Chicago he hit .303/.368/.551 with an average of 35 homers and 115 RBIs per 150 games, and after a horrendous first half this year he quietly hit .276/.321/.526 with 15 homers and 51 RBIs in the second half.

Brewers designate Boone Logan for assignment, recall Freddy Peralta

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The Brewers announced on Tuesday that reliever Boone Logan has been designated for assignment and starter Freddy Peralta has been recalled from Triple-A Colorado Springs. Peralta will start on Tuesday evening against the Pirates, opposite Jameson Taillon at PNC Park.

Logan, 33, has struggled this season, serving up seven runs on 15 hits and 10 walks with 14 strikeouts in 10 2/3 innings. The lefty inked a one-year, $2.5 million contract with the Brewers in January, but he missed the first six weeks of the season with a triceps injury.

Peralta, 22, made his major league debut last month, making a stellar start against the Rockies at Coors Field. He struck out 13 batters over 5 2/3 scoreless innings. He made another, less successful start against the Twins before heading back to the minors. With Colorado Springs, Peralta owns a 2.75 ERA with 84 strikeouts and 27 walks over 59 innings.