The Angels sign Scott Downs to a three-year, $15 million contract

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UPDATE: Ken Rosenthal of FOXSports.com confirms it. The Angels have signed Downs to a three-year, $15 million contract. He could earn an additional $1 million based on games finished.

Downs, who turns 35 in March, posted a 2.64 ERA and 48/14 K/BB ratio over 61 1/3 innings this past season. The southpaw has a 2.36 ERA over 262 appearances since the beginning of the 2007 season.

Updating my previous entry, the Angels’ first-round pick (#14 overall) is protected in next year’s draft, so signing Downs (a Type A free agent) would cost them their second-round pick. If they signed Adrian Beltre — who has a higher Elias ranking — that pick would go to the Red Sox and the Blue Jays would receive the Angels’ third-round pick.

This isn’t exactly sticking it to the Red Sox for losing out on Crawford, but it’s obviously a little better than I originally thought. That being said, you would think this would have to take them out of the market for Rafael Soriano, right?

6:15 PM: Unless some “sick fake person” took over Peter Gammons’ Twitter account, it appears that the Angels may be close to signing Scott Downs to a three-year, $15 million contract.

That leaves me with this question. If signing Hisanori Takahashi to a two-year, $8 million contract was a “splash,” as Angels general manager Tony Regains described it the other day, would it be fair to classify Scott Downs as a tsunami?

Ken Giles: ‘I’m actually enjoying the game more than I did for my entire tenure in Houston’

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Blue Jays closer Ken Giles hasn’t exactly turned things around since joining the Blue Jays on July 31, when the club sent embattled closer Roberto Osuna to the Astros. Giles posted a 4.99 ERA in 30 2/3 innings with the Astros, then put up a slightly less miserable 4.58 ERA in 17 2/3 innings with the Jays. Still, he’s much happier with the Jays than he was with the Astros, even after winning the World Series with them last year. He said to Rosie DiManno of the Toronto Star, “I’m actually enjoying the game more than I did for my entire tenure in Houston. It’s kind of weird to say that because I won a World Series with that team. But it’s like, I just felt trapped there. I didn’t feel like myself there. Overall, I felt out of place.”

Giles also said “the communication was lost” with the Astros and it was something that came easy with the Jays. He said, “When I came here, they stayed patient with me. I said hey, I want to work on this thing till I’m comfortable. All right. OK, I’m comfortable, let’s move on to this next thing. Pitching, you can’t just try to fix everything at once. For me, I had to take baby steps to get my groove back. The Jays allowed me to do that. Yeah, the team was out of contention, but it doesn’t matter. It’s still my career. I still have to prove myself. Them being so patient with me, understanding what I want to do, was very, very big.”

Giles, 28, has two more years of arbitration eligibility remaining. He has shown promise despite his overall mediocre numbers. In non-save situations this season (with both the Astros and Jays), he has a 9.12 ERA. But in save situations, his ERA is a pristine 0.38. Giles could be a closer the Jays find themselves leaning on as they attempt to get back into competitive shape. Since it sounds like Giles is quite enamored with Toronto and with the Blue Jays, a discussion about a contract extension certainly could be had.