Phillies close to two-year extension with Jose Contreras

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From Enrique Rojas of ESPN Deportes comes word that the Phillies are close to re-signing reliever Jose Contreras to a two-year contract worth around $5 million.  The deal also comes with a third year option and performance incentives.

Handing a multi-year contract to a reliever can be problematic, but the Phils had to buck up to retain the 38-year-old Contreras, who put together solid numbers as a full-time reliever in 2010.  He has actually gained velocity since moving to the bullpen and isn’t showing signs of slowing down.  It’s not all that rare for established setup men to remain effective well into their 40s.

The Phillies are expected to finalize the new pact early this week.  Then we’ll see if Contreras can top the 1.22 WHIP, 3.34 ERA and 57/16 K/BB ratio that he registered over 56.2 inning this past season.

Texas Rangers ink free-agent ace Jacob deGrom to 5-year deal

Jacob deGrom
USA Today
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ARLINGTON, Texas — Free-agent ace Jacob deGrom and the Texas Rangers agreed to a $185 million, five-year contract Friday.

The two-time Cy Young Award winner leaves the New York Mets after nine seasons – the past two shortened by injuries.

After making his first start last season in early August, deGrom went 5-4 with a 3.08 ERA in 11 outings. He helped the Mets reach the playoffs, then opted out of his contract to become a free agent.

Texas announced the signing Friday night after the 34-year-old deGrom passed his physical. A person with direct knowledge of the deal disclosed the financial terms to The Associated Press. The person spoke on condition of anonymity because the club did not announce those details.

“We are thrilled that Jacob deGrom has decided to become a Texas Ranger,” executive vice president and general manager Chris Young said in a statement. “Over a number of seasons, Jacob has been a standout major league pitcher, and he gives us a dominant performer at the top of our rotation. One of our primary goals this offseason is to strengthen our starting pitching, and we are adding one of the best.”

Texas went 68-94 last season and then hired Bruce Bochy as its new manager. The Rangers’ six straight losing seasons are their worst skid since the franchise moved from Washington in 1972.

The Rangers were big spenders in free agency last offseason, signing Corey Seager ($325 million, 10 years) and second baseman Marcus Semien ($175 million, seven years).